Insider Selling: Huntington Ingalls Industries, Inc. (NYSE:HII) CAO Sells $142,170.00 in Stock

Huntington Ingalls Industries, Inc. (NYSE:HII) CAO Nicolas G. Schuck sold 750 shares of the firm’s stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $191.96 on Thursday. The business has a 50-day moving average of $185.94 and a 200 day moving average of $214.61. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $294.81. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is presently 38.68%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. The Goldman Sachs Group cut their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $221.22.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently made changes to their positions in HII. EverSource Wealth Advisors LLC boosted its stake in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the period. Raiffeisen Bank International AG purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $36,000. Truvestments Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after buying an additional 85 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.