Huntington Ingalls Industries, Inc. (NYSE:HII) Director Thomas C. Schievelbein Acquires 2,120 Shares

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) Director Thomas C. Schievelbein bought 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares of the company's stock, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $9.05 on Tuesday, reaching $170.32. The company's stock had a trading volume of 349,527 shares, compared to its average volume of 602,814. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $299.50. The company has a market capitalization of $6.66 billion, a P/E ratio of 12.19, a PEG ratio of 1.43 and a beta of 0.57. The stock's 50 day simple moving average is $189.54 and its 200-day simple moving average is $224.36.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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, equities analysts predict that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current fiscal 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 dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.17%. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 38.68%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Bank of America dropped their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 13th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Finally, StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $221.22.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after purchasing an additional 863,800 shares during the period. D. E. Shaw & Co. Inc. boosted its holdings in shares of Huntington Ingalls Industries by 1,648.4% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $65,215,000. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after purchasing an additional 239,688 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 4,900.7% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Company Profile

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.