Chad Boudreaux Sells 787 Shares of Huntington Ingalls Industries (NYSE:HII) Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Chad Boudreaux sold 787 shares of the business’s 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 transaction, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Huntington Ingalls Industries Price Performance

HII traded up $2.08 on Friday, reaching $316.39. The company had a trading volume of 133,141 shares, compared to its average volume of 578,241. The company has a market capitalization of $12.42 billion, a P/E ratio of 23.68, a PEG ratio of 1.71 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a fifty day moving average of $297.08 and a 200-day moving average of $267.01. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.29 by $0.39. The company 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%.The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm earned $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, November 28th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is currently 38.12%.

Analyst Upgrades and Downgrades

HII has been the subject of several research reports. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. TD Cowen raised their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Finally, Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $318.57.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of large investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. lifted its stake in shares of 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 buying an additional 63 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Community Bank N.A. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth $35,000. Finally, SouthState Corp grew its stake in 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 buying an additional 93 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Company Profile

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.