Huntington Ingalls Industries (NYSE:HII) VP Edmond Jr. Hughes Sells 850 Shares of Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Edmond Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares in the company, valued at $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock traded up $4.05 during trading hours on Friday, hitting $305.88. 516,498 shares of the company were exchanged, compared to its average volume of 583,665. 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 business has a 50-day moving average of $293.86 and a 200-day moving average of $264.75. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $330.00. The stock has a market capitalization of $12.00 billion, a price-to-earnings ratio of 22.90, a P/E/G ratio of 1.71 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data 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. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the company posted $2.56 EPS. Huntington Ingalls Industries’s revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $1.38 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HII shares. TD Cowen lifted their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 target price on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $318.57.

Institutional Trading of Huntington Ingalls Industries

Large investors have recently bought and sold shares of the company. Peddock Capital Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $483,000. Buttonwood Financial Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $253,000. Revisor Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $374,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $243,000. Finally, Markel Group Inc. lifted its stake in Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock valued at $4,950,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.