Huntington Ingalls Industries Inc. (HII) Stock Price Down 3.1%
Shares of Huntington Ingalls Industries Inc. (NYSE:HII) were down 3.1% during mid-day trading on Tuesday . The company traded as low as $149.36 and last traded at $149.92, with a volume of 302,369 shares. The stock had previously closed at $154.67.
A number of analysts recently issued reports on HII shares. Stifel Nicolaus downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating and set a $135.00 price objective for the company. in a research report on Tuesday, May 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $180.00 target price for the company in a report on Wednesday, June 29th. Wells Fargo & Co. cut Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Deutsche Bank AG restated a “buy” rating and set a $190.00 target price (up from $167.00) on shares of Huntington Ingalls Industries in a report on Monday, July 11th. Finally, Citigroup Inc. raised their target price on Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $159.00.
The stock’s 50-day moving average is $166.29 and its 200 day moving average is $156.10. The company has a market capitalization of $6.98 billion, a price-to-earnings ratio of 16.52 and a beta of 1.41.
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Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 4th. The company reported $2.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.32. The firm earned $1.70 billion during the quarter, compared to analyst estimates of $1.74 billion. Huntington Ingalls Industries had a return on equity of 30.49% and a net margin of 6.00%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.99 earnings per share. On average, equities analysts expect that Huntington Ingalls Industries Inc. will post $10.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Friday, August 26th were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 24th. This represents a $2.00 annualized dividend and a yield of 1.34%. Huntington Ingalls Industries’s payout ratio is currently 22.17%.
In related news, VP Jerri F. Dickseski sold 750 shares of the company’s stock in a transaction on Friday, July 1st. The stock was sold at an average price of $169.34, for a total value of $127,005.00. Following the completion of the transaction, the vice president now directly owns 34,670 shares in the company, valued at $5,871,017.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $169.00, for a total value of $135,200.00. Following the completion of the transaction, the vice president now owns 20,249 shares of the company’s stock, valued at $3,422,081. The disclosure for this sale can be found here. 2.76% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its position in Huntington Ingalls Industries by 1.6% in the first quarter. Geode Capital Management LLC now owns 402,266 shares of the company’s stock valued at $55,086,000 after buying an additional 6,275 shares during the last quarter. UBS Asset Management Americas Inc. raised its stake in shares of Huntington Ingalls Industries by 1.7% in the first quarter. UBS Asset Management Americas Inc. now owns 58,039 shares of the company’s stock valued at $7,947,000 after buying an additional 985 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in shares of Huntington Ingalls Industries by 179.1% in the first quarter. Adage Capital Partners GP L.L.C. now owns 135,788 shares of the company’s stock valued at $18,595,000 after buying an additional 87,135 shares in the last quarter. Clark Capital Management Group Inc. purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $235,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 88.1% in the first quarter. Riverhead Capital Management LLC now owns 17,867 shares of the company’s stock valued at $2,447,000 after buying an additional 8,367 shares in the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.
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