Edmond Jr. Hughes Sells 850 Shares of Huntington Ingalls Industries (NYSE:HII) Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond Jr. Hughes sold 850 shares of the company’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the sale, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This represents a 8.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $305.88 on Friday. The stock has a fifty day moving average price of $293.86 and a 200 day moving average price of $264.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. The stock has a market cap of $12.00 billion, a PE ratio of 22.90, a P/E/G ratio of 1.71 and a beta of 0.40. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the business posted $2.56 earnings per share. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research reports. JPMorgan Chase & Co. increased their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. The Goldman Sachs Group upped their target price on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Bank of America upped their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $318.57.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after purchasing an additional 16,236 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Huntington Ingalls Industries by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock valued at $278,272,000 after purchasing an additional 54,139 shares during the last quarter. Earnest Partners LLC lifted its position in Huntington Ingalls Industries by 0.7% during the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock worth $259,447,000 after buying an additional 6,046 shares during the period. First Trust Advisors LP lifted its position in Huntington Ingalls Industries by 12.9% during the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock worth $192,977,000 after buying an additional 76,512 shares during the period. Finally, Bank of America Corp DE boosted its stake in Huntington Ingalls Industries by 4.0% in the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after buying an additional 25,737 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.