Jerri F. Dickseski Sells 1,874 Shares of Huntington Ingalls Industries Inc (NYSE:HII) Stock

Huntington Ingalls Industries Inc (NYSE:HII) VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total transaction of $384,170.00. Following the completion of the transaction, the vice president now owns 33,888 shares in the company, valued at $6,947,040. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Huntington Ingalls Industries stock opened at $211.74 on Friday. The firm’s 50-day moving average is $211.03 and its 200-day moving average is $215.08. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. Huntington Ingalls Industries Inc has a 1 year low of $173.80 and a 1 year high of $242.05. The company has a market cap of $8.80 billion, a P/E ratio of 11.09 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.56 by ($0.49). Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. During the same period last year, the business earned $5.40 EPS. The firm’s revenue was up 8.3% on a year-over-year basis. As a group, sell-side analysts predict that Huntington Ingalls Industries Inc will post 13.96 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.86 dividend. The ex-dividend date was Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.62%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.

Several hedge funds have recently added to or reduced their stakes in the stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Huntington Ingalls Industries by 0.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 8,043 shares of the aerospace company’s stock worth $1,808,000 after acquiring an additional 55 shares during the period. Rehmann Capital Advisory Group increased its holdings in shares of Huntington Ingalls Industries by 6.0% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock worth $216,000 after acquiring an additional 59 shares during the period. CSat Investment Advisory L.P. increased its holdings in shares of Huntington Ingalls Industries by 34.5% in the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 60 shares during the period. Commonwealth Bank of Australia increased its holdings in shares of Huntington Ingalls Industries by 1.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock worth $1,265,000 after acquiring an additional 62 shares during the period. Finally, Advisor Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 5.1% in the 2nd quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 71 shares during the period. 86.77% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on HII. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Buckingham Research reduced their price target on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $243.67.

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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