Huntington Ingalls Industries (NYSE:HII) Reaches New 52-Week Low – Time to Sell?

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) hit a new 52-week low during trading on Tuesday. The company traded as low as $255.55 and last traded at $255.9540, with a volume of 125,850 shares trading hands. The stock had previously closed at $264.03.

Analyst Ratings Changes

A number of research analysts have weighed in on HII shares. Citigroup raised their price objective on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Wells Fargo & Company lifted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. Sanford C. Bernstein decreased their target price on shares of Huntington Ingalls Industries from $327.00 to $304.00 and set a “market perform” rating for the company in a research report on Wednesday. TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a report on Friday, October 9th. Finally, Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price on the stock in a report on Friday, July 31st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $361.75.

Huntington Ingalls Industries Stock Performance

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. The stock has a market cap of $10.40 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 0.97 and a beta of 0.21. The company’s 50 day simple moving average is $286.77 and its 200 day simple moving average is $309.97.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. The firm had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.86 EPS. Analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several large investors have recently made changes to their positions in the business. Mather Group LLC. boosted its stake in Huntington Ingalls Industries by 253.9% in the 3rd quarter. Mather Group LLC. now owns 1,076 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 772 shares during the period. RFG Bristol Wealth Advisors LLC grew its stake in Huntington Ingalls Industries by 27.4% during the third quarter. RFG Bristol Wealth Advisors LLC now owns 1,781 shares of the aerospace company’s stock valued at $476,000 after acquiring an additional 383 shares in the last quarter. Insight Wealth Strategies LLC increased its holdings in Huntington Ingalls Industries by 2.2% during the 3rd quarter. Insight Wealth Strategies LLC now owns 22,969 shares of the aerospace company’s stock worth $6,134,000 after acquiring an additional 485 shares during the period. O Keefe Stevens Advisory Inc. increased its holdings in Huntington Ingalls Industries by 13.1% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 7,465 shares of the aerospace company’s stock worth $1,994,000 after acquiring an additional 862 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Huntington Ingalls Industries by 15.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,523 shares of the aerospace company’s stock worth $941,000 after acquiring an additional 467 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.