Insider Selling: Huntington Ingalls Industries (NYSE:HII) CEO Sells $4,246,704.40 in Stock

Huntington Ingalls Industries (NYSE:HII) CEO Christopher Kastner sold 13,070 shares of the company's stock for approximately $4.25 million, reducing his direct ownership by 53.8%. This transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale follows a strong earnings report where the company exceeded EPS estimates and saw a 10.9% revenue increase year-over-year, alongside declaring a quarterly dividend of $1.38 per share.