Insider Selling: Huntington Ingalls Industries VP Sells 46,701 Shares of Stock (HII)
Huntington Ingalls Industries (NYSE:HII) VP Irwin F. Edenzon sold 46,701 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $96.06, for a total transaction of $4,486,098.06. Following the completion of the sale, the vice president now directly owns 32,217 shares in the company, valued at approximately $3,094,765. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Bank of America downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $106.00 price target on the stock, up previously from $102.00. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. reiterated a “hold” rating on shares of Huntington Ingalls Industries in a research note on Friday, May 9th. They now have a $113.00 price target on the stock, up previously from $108.00. Finally, analysts at Zacks downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $109.30 price target on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $112.48.
Shares of Huntington Ingalls Industries (NYSE:HII) traded up 1.25% on Wednesday, hitting $96.41. 441,222 shares of the company’s stock traded hands. Huntington Ingalls Industries has a 1-year low of $52.41 and a 1-year high of $106.59. The stock has a 50-day moving average of $101.0 and a 200-day moving average of $93.39. The company has a market cap of $4.734 billion and a P/E ratio of 15.57.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 8th. The company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.63 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the previous year, the company posted $1.17 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries will post $7.50 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.83%. The ex-dividend date is Wednesday, May 28th.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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