Key Points
- VP Chad Boudreaux sold 787 shares at an average price of $314.17 on Nov. 26 for a total of $247,251.79, leaving him with 20,441 shares (a 3.71% reduction in his stake).
- Q3 results beat expectations: Huntington Ingalls reported EPS of $3.68 vs. $3.29 consensus and revenue of $3.19 billion (up 16.1% year-over-year).
- The company raised its quarterly dividend to $1.38 (from $1.35), payable Dec. 12 with record/ex-dividend date on Nov. 28, implying an annualized payout of $5.52 and a ~1.7% yield.
Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) VP Chad Boudreaux sold 787 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the completion of the transaction, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Huntington Ingalls Industries Trading Up 0.7%
Shares of NYSE HII opened at $316.39 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $330.00. The company has a market cap of $12.42 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 1.71 and a beta of 0.40. The business has a fifty day simple moving average of $297.91 and a 200-day simple moving average of $267.61.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts' consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analysts' expectations of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries's revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.
Huntington Ingalls Industries Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be issued a dividend of $1.38 per share. 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 dividend yield of 1.7%. The ex-dividend date is Friday, November 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.12%.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. TD Cowen raised their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a "buy" rating in a research note on Friday, October 31st. Weiss Ratings restated a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Sanford C. Bernstein reiterated a "market perform" rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Barclays upped their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research report on Saturday. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $318.57.
Get Our Latest Report on Huntington Ingalls Industries
Institutional Investors Weigh In On Huntington Ingalls Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in HII. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. grew its position in Huntington Ingalls Industries by 140.0% in the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company's stock worth $26,000 after acquiring an additional 63 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company's stock worth $32,000 after purchasing an additional 60 shares during the last quarter. Community Bank N.A. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $35,000. Finally, SouthState Corp lifted its stake in shares of Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Huntington Ingalls Industries Company Profile
(
Get Free Report)
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.
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