Huntington Ingalls Industries (NYSE:HII) issued its quarterly earnings results on Thursday. The aerospace company reported $3.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.49), Morningstar.com reports. The business had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.13 billion. Huntington Ingalls Industries had a return on equity of 42.03% and a net margin of 8.04%. The business’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $5.40 earnings per share.
Shares of HII traded down $8.82 on Friday, reaching $206.19. 852,122 shares of the stock traded hands, compared to its average volume of 264,390. The firm has a market cap of $8.93 billion, a price-to-earnings ratio of 10.80 and a beta of 1.18. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.92 and a current ratio of 0.98. Huntington Ingalls Industries has a 12 month low of $173.80 and a 12 month high of $262.32. The stock’s 50-day moving average is $227.34.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.
In related news, VP William R. Ermatinger sold 1,863 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total value of $394,117.65. Following the sale, the vice president now owns 35,020 shares of the company’s stock, valued at approximately $7,408,481. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jerri F. Dickseski sold 1,874 shares of the business’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $228.68, for a total value of $428,546.32. Following the completion of the sale, the vice president now directly owns 34,033 shares in the company, valued at approximately $7,782,666.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,737 shares of company stock worth $1,027,724. 2.65% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. Front Row Advisors LLC boosted its stake in Huntington Ingalls Industries by 610.5% in the 1st quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock valued at $28,000 after buying an additional 116 shares in the last quarter. Zions Bancorporation N.A. boosted its stake in Huntington Ingalls Industries by 1,260.0% in the 2nd quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after buying an additional 126 shares in the last quarter. Howe & Rusling Inc. boosted its stake in Huntington Ingalls Industries by 433.3% in the 1st quarter. Howe & Rusling Inc. now owns 160 shares of the aerospace company’s stock valued at $33,000 after buying an additional 130 shares in the last quarter. Meridian Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at $39,000. Finally, Dubuque Bank & Trust Co. boosted its stake in Huntington Ingalls Industries by 56.4% in the 1st quarter. Dubuque Bank & Trust Co. now owns 208 shares of the aerospace company’s stock valued at $43,000 after buying an additional 75 shares in the last quarter. 85.60% of the stock is currently owned by institutional investors and hedge funds.
HII has been the topic of a number of research reports. ValuEngine upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $251.08.
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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