Insider Selling: Huntington Ingalls Industries VP Sells 1,300 Shares of Stock (HII)
Huntington Ingalls Industries (NYSE:HII) VP Mitchell B. Waldman sold 1,300 shares of Huntington Ingalls Industries stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $103.80, for a total transaction of $134,940.00. Following the completion of the sale, the vice president now directly owns 30,049 shares of the company’s stock, valued at approximately $3,119,086. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on HII. Analysts at Barclays cut their price target on shares of Huntington Ingalls Industries from $106.00 to $101.00 in a research note on Monday, August 11th. They now have an “underweight” rating on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Huntington Ingalls Industries in a research note on Friday, August 8th. They now have a $106.00 price target on the stock, down previously from $108.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $112.50.
Shares of Huntington Ingalls Industries (NYSE:HII) traded down 0.64% on Tuesday, hitting $102.51. The stock had a trading volume of 169,849 shares. Huntington Ingalls Industries has a one year low of $63.22 and a one year high of $106.59. The stock has a 50-day moving average of $95.05 and a 200-day moving average of $98.50. The company has a market cap of $4.978 billion and a price-to-earnings ratio of 14.70.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, August 7th. The company reported $2.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.81 by $0.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries will post $7.86 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, August 27th.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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