Insider Selling: Huntington Ingalls Industries Inc (HII) VP Sells 500 Shares of Stock

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.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, May 23rd. This represents a $3.44 annualized dividend and a dividend yield of 1.68%. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.

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.

ILLEGAL ACTIVITY WARNING: “Insider Selling: Huntington Ingalls Industries Inc (HII) VP Sells 500 Shares of Stock” was first reported by Dakota Financial News and is owned by of Dakota Financial News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://dakotafinancialnews.com/2019/05/16/insider-selling-huntington-ingalls-industries-inc-hii-vp-sells-500-shares-of-stock.html.

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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