Huntington Ingalls Industries (NYSE:HII) posted its quarterly earnings data on Thursday. The aerospace company reported $5.29 EPS for the quarter, beating the Zacks’ consensus estimate of $4.14 by $1.15, MarketWatch Earnings reports. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the previous year, the business earned $3.27 earnings per share. The business’s revenue was up 11.8% compared to the same quarter last year.
NYSE HII opened at $223.65 on Friday. The firm has a market cap of $10.14 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 0.91 and a beta of 1.13. The company has a current ratio of 1.43, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries has a fifty-two week low of $201.91 and a fifty-two week high of $276.69.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.54%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. Huntington Ingalls Industries’s payout ratio is 23.72%.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now owns 34,750 shares of the company’s stock, valued at $8,959,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. CENTRAL TRUST Co boosted its stake in Huntington Ingalls Industries by 12.6% during the third quarter. CENTRAL TRUST Co now owns 2,179 shares of the aerospace company’s stock worth $558,000 after buying an additional 243 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Huntington Ingalls Industries by 16.5% during the second quarter. LS Investment Advisors LLC now owns 1,859 shares of the aerospace company’s stock worth $403,000 after buying an additional 263 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Huntington Ingalls Industries by 0.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 64,401 shares of the aerospace company’s stock worth $13,961,000 after buying an additional 264 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its stake in Huntington Ingalls Industries by 6.3% during the third quarter. Steward Partners Investment Advisory LLC now owns 4,537 shares of the aerospace company’s stock worth $1,162,000 after buying an additional 270 shares during the last quarter. Finally, IFM Investors Pty Ltd boosted its stake in Huntington Ingalls Industries by 13.7% during the third quarter. IFM Investors Pty Ltd now owns 2,395 shares of the aerospace company’s stock worth $613,000 after buying an additional 288 shares during the last quarter. 85.56% of the stock is currently owned by institutional investors.
HII has been the subject of several research reports. Goldman Sachs Group cut Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target for the company. in a research report on Thursday, October 11th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 15th. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Seaport Global Securities initiated coverage on Huntington Ingalls Industries in a research report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price target for the company. Finally, Cowen reiterated a “buy” rating and set a $250.00 price target on shares of Huntington Ingalls Industries in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $262.83.
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Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the 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 that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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