Huntington Ingalls Industries (NYSE:HII) Hits New 1-Year High on Better-Than-Expected Earnings

Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating)’s share price reached a new 52-week high during trading on Thursday following a better than expected earnings announcement. The company traded as high as $232.78 and last traded at $231.33, with a volume of 2367 shares trading hands. The stock had previously closed at $218.69.

The aerospace company reported $4.44 earnings per share for the quarter, topping analysts’ consensus estimates of $3.43 by $1.01. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 21.69%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the firm posted $3.20 EPS. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 25th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.38%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HII. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. Finally, StockNews.com raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $236.00.

Insider Activity at Huntington Ingalls Industries

In related news, VP Edgar A. Green III sold 4,222 shares of the business’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 transaction, the vice president now owns 5,809 shares in the company, valued at approximately $1,208,213.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.16% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Cyrus J. Lawrence LLC acquired a new position in Huntington Ingalls Industries during the first quarter worth $25,000. National Bank of Canada FI acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $27,000. Oliver Lagore Vanvalin Investment Group acquired a new position in Huntington Ingalls Industries during the first quarter worth $30,000. Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Huntington Ingalls Industries during the fourth quarter worth $37,000. Finally, Gradient Investments LLC raised its holdings in Huntington Ingalls Industries by 138.9% during the second quarter. Gradient Investments LLC now owns 172 shares of the aerospace company’s stock worth $37,000 after buying an additional 100 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

Huntington Ingalls Industries Stock Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.15 and a quick ratio of 1.07. The company’s fifty day simple moving average is $212.26 and its two-hundred day simple moving average is $205.80. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 17.06 and a beta of 0.67.

Huntington Ingalls Industries Company Profile

(Get Rating)

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.

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