Key Points
- EVP Eric Chewning sold 1,700 HII shares on March 4 at an average price of $433.44 for about $736,848, cutting his holding by 46.59% to 1,949 shares, per an SEC filing.
- HII beat quarterly expectations with $4.04 EPS (vs. $3.72) and $3.48B revenue (vs. $3.09B), and the stock traded up roughly 1.9% to about $429.23 amid these results.
- The company announced a quarterly dividend of $1.38 ($5.52 annualized, ~1.3% yield), and analysts hold a consensus of "Moderate Buy" with an average price target near $370, alongside several recent price-target upgrades.
Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) EVP Eric Chewning sold 1,700 shares of the business's stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the sale, the executive vice president owned 1,949 shares of the company's stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.
Huntington Ingalls Industries Stock Up 1.9%
Shares of NYSE HII traded up $8.06 during midday trading on Friday, reaching $429.23. 82,012 shares of the company's stock traded hands, compared to its average volume of 593,088. The company has a market cap of $16.84 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 1.78 and a beta of 0.32. The stock's 50 day simple moving average is $407.27 and its 200-day simple moving average is $335.06. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. Huntington Ingalls Industries, Inc. has a one year low of $177.42 and a one year high of $460.00.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts' consensus estimates of $3.72 by $0.32. The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries's revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.15 earnings per share. On average, 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, March 13th. Investors of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.3%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 35.91%.
Institutional Investors Weigh In On Huntington Ingalls Industries
A number of large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter worth $25,000. Rakuten Securities Inc. grew its stake in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company's stock valued at $26,000 after purchasing an additional 63 shares during the last quarter. SouthState Corp grew its stake in Huntington Ingalls Industries by 310.0% during 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. Anchor Investment Management LLC increased its holdings in shares of Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 100 shares during the period. Finally, NBC Securities Inc. raised its stake in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company's stock worth $30,000 after purchasing an additional 41 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several research firms have commented on HII. Bank of America raised shares of Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and increased their price target for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Melius Research raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Monday, January 5th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a report on Saturday, January 31st. Citigroup increased their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a "buy" rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group raised their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a "buy" rating in a research report on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $370.38.
View Our Latest Report on HII
Huntington Ingalls Industries Company Profile
(
Get Free Report)
Huntington Ingalls Industries (NYSE: HII) is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.
Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.
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