Huntington Ingalls Industries (NYSE:HII) Lowered to Buy at StockNews.com

StockNews.com lowered shares of Huntington Ingalls Industries (NYSE:HII) from a strong-buy rating to a buy rating in a research report report published on Friday.

Several other research firms have also weighed in on HII. Barclays lifted their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an equal weight rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an overweight rating in a research report on Thursday, March 21st.

Huntington Ingalls Industries Trading Up 0.4 %

NYSE:HII traded up $1.04 during trading hours on Friday, hitting $246.23. 531,007 shares of the company were exchanged, compared to its average volume of 406,632. The stock has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.31 and a beta of 0.60. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries has a one year low of $188.51 and a one year high of $299.50. The company has a fifty day simple moving average of $283.26 and a 200 day simple moving average of $261.27.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $3.23 EPS. Sell-side analysts expect that Huntington Ingalls Industries will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.31%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 900 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the sale, the chief accounting officer now directly owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The disclosure for this sale can be found here. Insiders sold 8,472 shares of company stock valued at $2,398,345 in the last three months. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently added to or reduced their stakes in the stock. FMR LLC boosted its stake in Huntington Ingalls Industries by 0.5% during the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock valued at $513,714,000 after purchasing an additional 12,322 shares during the last quarter. Capital World Investors boosted its stake in Huntington Ingalls Industries by 0.7% during the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock valued at $600,387,000 after purchasing an additional 15,798 shares during the last quarter. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 15.1% during the 1st quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company’s stock valued at $229,607,000 after purchasing an additional 103,521 shares during the last quarter. Earnest Partners LLC boosted its stake in Huntington Ingalls Industries by 5.9% during the 3rd quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company’s stock valued at $111,325,000 after purchasing an additional 30,296 shares during the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in Huntington Ingalls Industries by 0.6% during the 3rd quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company’s stock valued at $100,850,000 after purchasing an additional 2,818 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. 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.