Huntington Ingalls Industries (NYSE:HII) Announces Earnings Results

Huntington Ingalls Industries (NYSE:HIIGet Rating) released its quarterly earnings results on Thursday. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.43 by $1.01, Briefing.com reports. Huntington Ingalls Industries had a net margin of 5.71% and a return on equity of 21.73%. The company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the company earned $3.20 earnings per share. The business’s quarterly revenue was up 19.3% compared to the same quarter last year.

Huntington Ingalls Industries Trading Down 0.5 %

HII traded down $1.23 during mid-day trading on Friday, hitting $227.58. The stock had a trading volume of 389,450 shares, compared to its average volume of 272,635. The stock’s fifty day simple moving average is $212.26 and its 200-day simple moving average is $205.80. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.15 and a quick ratio of 1.07. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of 15.61 and a beta of 0.67. Huntington Ingalls Industries has a 1-year low of $175.50 and a 1-year high of $237.43.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be issued a $1.18 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $4.72 annualized dividend and a yield of 2.07%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 32.37%.

Insiders Place Their Bets

In related news, VP Edgar A. Green III sold 4,222 shares of the firm’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $207.99, for a total transaction of $878,133.78. Following the sale, the vice president now directly owns 5,809 shares in the company, valued at $1,208,213.91. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC raised its holdings in shares of Huntington Ingalls Industries by 1.2% during the first quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock worth $1,403,000 after acquiring an additional 87 shares during the period. Aviva PLC increased its stake in Huntington Ingalls Industries by 1.2% in the 1st quarter. Aviva PLC now owns 13,690 shares of the aerospace company’s stock valued at $2,730,000 after buying an additional 159 shares during the last quarter. Covestor Ltd increased its stake in Huntington Ingalls Industries by 33.3% in the 1st quarter. Covestor Ltd now owns 709 shares of the aerospace company’s stock valued at $141,000 after buying an additional 177 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in Huntington Ingalls Industries by 1.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 15,106 shares of the aerospace company’s stock valued at $3,160,000 after buying an additional 210 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in Huntington Ingalls Industries by 23.6% in the 1st quarter. Captrust Financial Advisors now owns 1,409 shares of the aerospace company’s stock valued at $281,000 after buying an additional 269 shares during the last quarter. 85.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their price target for the company from $200.00 to $270.00 in a report on Thursday, April 14th. Cowen upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their price target for the company from $200.00 to $270.00 in a report on Thursday, April 14th. Finally, StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Friday, July 29th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and a consensus price target of $236.00.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

Further Reading

Earnings History for Huntington Ingalls Industries (NYSE:HII)

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