Jennifer R. Boykin Sells 2,362 Shares of Huntington Ingalls Industries, Inc. (HII) Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) VP Jennifer R. Boykin sold 2,362 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total transaction of $462,952.00. Following the transaction, the vice president now directly owns 6,425 shares in the company, valued at approximately $1,259,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Huntington Ingalls Industries, Inc. (HII) traded up 0.04% during mid-day trading on Friday, hitting $213.16. 144,645 shares of the stock were exchanged. The stock has a 50 day moving average price of $200.03 and a 200 day moving average price of $200.82. Huntington Ingalls Industries, Inc. has a 1-year low of $146.52 and a 1-year high of $220.68. The company has a market capitalization of $9.68 billion, a PE ratio of 17.42 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.79 billion. During the same period last year, the business earned $2.32 EPS. Huntington Ingalls Industries’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Friday, August 25th will be issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is currently 19.61%.

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Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Huntington Ingalls Industries by 6,424.3% in the first quarter. BlackRock Inc. now owns 4,452,038 shares of the aerospace company’s stock worth $891,476,000 after buying an additional 4,383,800 shares in the last quarter. Morgan Stanley boosted its position in shares of Huntington Ingalls Industries by 185.7% in the first quarter. Morgan Stanley now owns 359,359 shares of the aerospace company’s stock worth $71,958,000 after buying an additional 233,584 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Huntington Ingalls Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 4,449,811 shares of the aerospace company’s stock worth $891,031,000 after buying an additional 166,765 shares in the last quarter. Old Mutual Global Investors UK Ltd. purchased a new position in shares of Huntington Ingalls Industries during the first quarter worth about $27,054,000. Finally, AQR Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 7.5% in the first quarter. AQR Capital Management LLC now owns 1,778,952 shares of the aerospace company’s stock worth $356,217,000 after buying an additional 124,237 shares in the last quarter. Institutional investors own 85.98% of the company’s stock.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. BidaskClub raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Credit Suisse Group cut their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $205.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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