Huntington Ingalls Industries (NYSE:HII) announced its earnings results on Thursday. The aerospace company reported $3.07 earnings per share for the quarter, missing the consensus estimate of $3.56 by ($0.49), Morningstar.com reports. Huntington Ingalls Industries had a return on equity of 42.03% and a net margin of 8.04%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.13 billion. During the same quarter last year, the company posted $5.40 EPS. Huntington Ingalls Industries’s quarterly revenue was up 8.3% on a year-over-year basis.
NYSE:HII traded down $8.82 during mid-day trading on Friday, reaching $206.19. The stock had a trading volume of 852,122 shares, compared to its average volume of 264,390. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 10.80 and a beta of 1.18. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $262.32. The firm’s 50 day moving average price is $227.34.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $0.86 dividend. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.67%. Huntington Ingalls Industries’s payout ratio is currently 18.02%.
In related news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated 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 owns 34,033 shares in the company, valued at $7,782,666.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Edgar A. Green III sold 500 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total transaction of $102,830.00. Following the completion of the sale, the vice president now owns 10,137 shares of the company’s stock, valued at approximately $2,084,775.42. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,737 shares of company stock valued at $1,027,724. 2.65% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $944,000. Qube Research & Technologies Ltd purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $836,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $1,081,000. Envestnet Asset Management Inc. increased its stake in shares of Huntington Ingalls Industries by 23.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,388 shares of the aerospace company’s stock worth $4,357,000 after purchasing an additional 3,745 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $559,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.
Several brokerages have recently weighed in on HII. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus 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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