Huntington Ingalls Industries Inc (NYSE:HII) VP Edgar A. Green III sold 500 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $205.66, for a total value of $102,830.00. Following the completion of the sale, the vice president now directly owns 10,137 shares of the company’s stock, valued at approximately $2,084,775.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of NYSE HII traded down $0.73 during trading hours on Wednesday, hitting $205.01. 157,911 shares of the company’s stock were exchanged, compared to its average volume of 363,033. Huntington Ingalls Industries Inc has a 1-year low of $173.80 and a 1-year high of $262.32. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.92 and a current ratio of 0.98. The stock has a market capitalization of $8.53 billion, a PE ratio of 10.74 and a beta of 1.15.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing the consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm posted $3.48 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts forecast that Huntington Ingalls Industries Inc will post 14.67 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Athena Capital Advisors LLC acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $28,000. CSat Investment Advisory L.P. lifted its position in shares of Huntington Ingalls Industries by 89.9% during the 4th quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 71 shares during the last quarter. Howe & Rusling Inc. lifted its position in shares of Huntington Ingalls Industries by 433.3% during the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock worth $33,000 after purchasing an additional 130 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Huntington Ingalls Industries by 53.5% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 175 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 61 shares during the last quarter. Finally, Cypress Capital Management LLC WY acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth about $42,000. 85.82% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on HII shares. Barclays cut Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and reduced their price target for the stock from $245.00 to $215.00 in a research report on Wednesday, January 23rd. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Thursday, January 17th. Finally, ValuEngine cut Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Thursday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $251.69.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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