Huntington Ingalls Industries, Inc. (NYSE:HII – Get 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
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
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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