Huntington Ingalls Industries VP Sells $996,735 in Stock (HII)
Huntington Ingalls Industries (NYSE:HII) VP Bruce Hawthorne sold 9,794 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $101.77, for a total value of $996,735.38. Following the completion of the sale, the vice president now directly owns 17,793 shares of the company’s stock, valued at approximately $1,810,794. The transaction was disclosed in a filing with the SEC, which is available at this link.
Huntington Ingalls Industries (NYSE:HII) traded up 0.68% during mid-day trading on Friday, hitting $102.50. The stock had a trading volume of 346,176 shares. Huntington Ingalls Industries has a 52-week low of $52.41 and a 52-week high of $106.59. The stock has a 50-day moving average of $100. and a 200-day moving average of $95.18. The company has a market cap of $5.033 billion and a P/E ratio of 16.65.
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. Analysts expect that Huntington Ingalls Industries will post $7.50 EPS 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 0.78%. The ex-dividend date is Wednesday, May 28th.
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 analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $112.48.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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