Insider Selling: Bruce Hawthorne Unloads 3,000 Shares of Huntington Ingalls Industries Stock (HII)
Huntington Ingalls Industries (NYSE:HII) VP Bruce Hawthorne unloaded 3,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $100.16, for a total value of $300,480.00. Following the transaction, the vice president now directly owns 32,587 shares in the company, valued at approximately $3,263,914. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on HII shares. 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 equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $112.48.
Shares of Huntington Ingalls Industries (NYSE:HII) traded down 0.56% on Thursday, hitting $99.38. The stock had a trading volume of 226,244 shares. Huntington Ingalls Industries has a one year low of $52.41 and a one year high of $106.59. The stock’s 50-day moving average is $100.4 and its 200-day moving average is $94.34. The company has a market cap of $4.880 billion and a price-to-earnings ratio of 16.34.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 8th. The company reported $1.53 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue 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. Investors 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 0.80%. 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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