Huntington Ingalls Industries, Inc. (NYSE:HII) Director Anastasi D. Kelly Sells 1,960 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII) Director Anastasi D. Kelly sold 1,960 shares of the firm’s stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director now directly owns 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This represents a 10.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $230.44 on Thursday. The business’s 50-day moving average price is $207.28 and its two-hundred day moving average price is $199.49. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The stock has a market cap of $9.04 billion, a P/E ratio of 16.51, a PEG ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.80 billion. During the same period last year, the firm earned $3.87 earnings per share. Huntington Ingalls Industries’s quarterly revenue was down 2.5% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries’s payout ratio is currently 38.90%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HII. Barclays PLC lifted its holdings in Huntington Ingalls Industries by 54.1% in the third quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after buying an additional 48,113 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $153,000. Tidal Investments LLC lifted its stake in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock valued at $539,000 after purchasing an additional 308 shares during the period. Principal Financial Group Inc. boosted its position in shares of Huntington Ingalls Industries by 7.4% during the third quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock valued at $36,812,000 after purchasing an additional 9,634 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Huntington Ingalls Industries by 73.5% in the fourth quarter. GAMMA Investing LLC now owns 654 shares of the aerospace company’s stock worth $124,000 after purchasing an additional 277 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on HII shares. Barclays increased their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $238.44.

About Huntington Ingalls Industries

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.