Key Points
- HII VP Chad Boudreaux sold 4,400 shares on March 5 at an average price of $422.45 for a total of $1,858,780, reducing his stake by 17.77 to 20,360 shares (≈$8.6M), per an SEC filing.
- Strong quarterly results: HII reported EPS of $4.04 vs. $3.72 expected and revenue of $3.48B (up 15.7% YoY vs. $3.09B est.), and analysts forecast about 13.99 EPS for the fiscal year.
- Dividend and market position: The company declared a quarterly dividend of $1.38 (annualized $5.52, yield 1.3%), the stock trades near $429.70 with a $16.86B market cap, and the consensus analyst rating is a "Hold" (target ~$384.13).
Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) VP Chad Boudreaux sold 4,400 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares of the company's stock, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Huntington Ingalls Industries Trading Up 0.1%
Huntington Ingalls Industries stock opened at $429.70 on Tuesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. Huntington Ingalls Industries, Inc. has a fifty-two week low of $177.42 and a fifty-two week high of $460.00. The stock has a market cap of $16.86 billion, a P/E ratio of 27.96, a PEG ratio of 1.75 and a beta of 0.32. The firm's fifty day moving average price is $410.53 and its 200-day moving average price is $338.33.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. During the same quarter last year, the company earned $3.15 earnings per share. The firm's quarterly revenue was up 15.7% on a year-over-year basis. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 35.91%.
Institutional Trading of Huntington Ingalls Industries
Several hedge funds and other institutional investors have recently bought and sold shares of HII. TriaGen Wealth Management LLC grew its position in Huntington Ingalls Industries by 1.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company's stock valued at $670,000 after acquiring an additional 31 shares during the last quarter. CI Investments Inc. lifted its holdings in shares of Huntington Ingalls Industries by 16.7% in the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company's stock worth $67,000 after acquiring an additional 33 shares during the last quarter. Intrust Bank NA boosted its stake in shares of Huntington Ingalls Industries by 4.5% in the 4th quarter. Intrust Bank NA now owns 821 shares of the aerospace company's stock valued at $279,000 after purchasing an additional 35 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Huntington Ingalls Industries by 1.7% in the 4th quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company's stock valued at $750,000 after purchasing an additional 36 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company's stock valued at $291,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on HII shares. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research note on Saturday, January 31st. TD Cowen boosted their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday. Weiss Ratings cut shares of Huntington Ingalls Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a "buy" rating in a report on Tuesday, January 20th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $384.13.
Read Our Latest Stock Analysis on Huntington Ingalls Industries
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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