Christopher D. Kastner Purchases 4,183 Shares of Huntington Ingalls Industries Inc (HII) Stock

Christopher D. Kastner Purchases 4,183 Shares of Huntington Ingalls Industries Inc (HII) Stock

Huntington Ingalls Industries Inc (HII) opened at 196.32 on Tuesday. Huntington Ingalls Industries Inc has a 12-month low of $146.52 and a 12-month high of $220.68. The company’s 50 day moving average is $198.38 and its 200 day moving average is $196.26. The firm has a market cap of $9.03 billion, a price-to-earnings ratio of 16.59 and a beta of 1.11.

Huntington Ingalls Industries Inc (NYSE:HII) VP Christopher D. Kastner purchased 4,183 shares of the firm’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $189.40 per share, for a total transaction of $792,260.20. Following the acquisition, the vice president now owns 39,464 shares in the company, valued at $7,474,481.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $2.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.72 by $0.16. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The business had revenue of $1.72 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter last year, the company earned $2.38 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, equities analysts anticipate that Huntington Ingalls Industries Inc will post $11.15 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 9th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.60 per share. The ex-dividend date is Wednesday, May 24th. This represents a $2.40 annualized dividend and a dividend yield of 1.22%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 26.67%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of Huntington Ingalls Industries by 25.0% in the first quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock valued at $100,000 after buying an additional 100 shares during the period. Huntington National Bank raised its position in shares of Huntington Ingalls Industries by 112.9% in the first quarter. Huntington National Bank now owns 511 shares of the aerospace company’s stock valued at $102,000 after buying an additional 271 shares during the period. Israel Discount Bank of New York GFN acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $106,000. Toronto Dominion Bank raised its position in shares of Huntington Ingalls Industries by 30.6% in the first quarter. Toronto Dominion Bank now owns 529 shares of the aerospace company’s stock valued at $106,000 after buying an additional 124 shares during the period. Finally, Israel Discount Bank of New York acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $115,000. Institutional investors own 88.59% of the company’s stock.

A number of brokerages have weighed in on HII. Credit Suisse Group AG decreased their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 8th. Cowen and Company reiterated a “hold” rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Citigroup Inc lowered shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and set a $220.00 price target on the stock. in a report on Wednesday, March 1st. Finally, Barclays PLC reiterated a “sell” rating and issued a $187.00 price target on shares of Huntington Ingalls Industries in a report on Sunday, February 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $196.71.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HII”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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