Shares of HII opened at $207.83 on Thursday. The stock has a market capitalization of $8.46 billion, a price-to-earnings ratio of 10.89 and a beta of 1.14. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.88. Huntington Ingalls Industries Inc has a 52 week low of $173.80 and a 52 week high of $267.73.
Huntington Ingalls Industries Inc (NYSE:HII) VP Jennifer R. Boykin sold 2,647 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $199.66, for a total transaction of $528,500.02. Following the completion of the sale, the vice president now directly owns 4,660 shares of the company’s stock, valued at approximately $930,415.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.49. The company had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.08 billion. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the company earned $3.11 earnings per share. As a group, research analysts anticipate that Huntington Ingalls Industries Inc will post 15.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 22nd were issued a dividend of $0.86 per share. The ex-dividend date of this dividend was Thursday, February 21st. This represents a $3.44 annualized dividend and a yield of 1.66%. Huntington Ingalls Industries’s payout ratio is currently 18.02%.
Several research analysts have commented on HII shares. Barclays downgraded Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and lowered their target price for the stock from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Drexel Hamilton reaffirmed a “buy” rating and issued a $265.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, November 14th. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Citigroup cut their target price on Huntington Ingalls Industries from $260.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, January 14th. Finally, ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $248.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc lifted its position in Huntington Ingalls Industries by 0.4% during the 3rd quarter. Vanguard Group Inc now owns 4,988,200 shares of the aerospace company’s stock worth $1,277,378,000 after acquiring an additional 19,861 shares during the period. FMR LLC grew its position in shares of Huntington Ingalls Industries by 5.3% during the 3rd quarter. FMR LLC now owns 4,014,096 shares of the aerospace company’s stock valued at $1,027,930,000 after buying an additional 200,602 shares during the last quarter. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 7.5% during the 3rd quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock valued at $565,521,000 after buying an additional 153,989 shares during the last quarter. LSV Asset Management grew its position in shares of Huntington Ingalls Industries by 425.0% during the 4th quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock valued at $294,153,000 after buying an additional 1,251,220 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 623,420 shares of the aerospace company’s stock valued at $118,455,000 after purchasing an additional 18,179 shares during the period. 85.90% of the stock is currently owned by institutional investors and hedge funds.
About Huntington Ingalls Industries
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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