Huntington Ingalls Industries (HII) Reaches New 1-Year Low at $194.61

Shares of Huntington Ingalls Industries Inc (NYSE:HII) reached a new 52-week low on Thursday . The stock traded as low as $194.61 and last traded at $200.38, with a volume of 25240 shares. The stock had previously closed at $203.62.

Several analysts have recently weighed in on the company. Bank of America reduced their price target on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Goldman Sachs Group cut Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target on the stock. in a report on Thursday, October 11th. Buckingham Research started coverage on Huntington Ingalls Industries in a report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target on the stock. Sanford C. Bernstein reduced their target price on Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Finally, Drexel Hamilton reiterated a “buy” rating and issued a $265.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. Huntington Ingalls Industries currently has an average rating of “Buy” and an average price target of $254.38.

The firm has a market cap of $8.72 billion, a P/E ratio of 16.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $1.90 billion. During the same period in the prior year, the business posted $3.27 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries Inc will post 17.84 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be issued a $0.86 dividend. The ex-dividend date is Thursday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 annualized dividend and a yield of 1.73%. Huntington Ingalls Industries’s dividend payout ratio is presently 28.34%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the transaction, the vice president now directly owns 34,750 shares in the company, valued at approximately $8,959,940. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.22% of the company’s stock.

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 19,861 shares in the last quarter. FMR LLC boosted its holdings 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 worth $1,027,930,000 after buying an additional 200,602 shares in the last quarter. AQR Capital Management LLC boosted its holdings 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 worth $565,521,000 after buying an additional 153,989 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Huntington Ingalls Industries by 8.1% during the 3rd quarter. Wells Fargo & Company MN now owns 865,264 shares of the aerospace company’s stock worth $221,578,000 after buying an additional 64,786 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its holdings in shares of Huntington Ingalls Industries by 32.2% during the 3rd quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after buying an additional 150,552 shares in the last quarter. Hedge funds and other institutional investors own 85.44% of the company’s stock.

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About Huntington Ingalls Industries (NYSE:HII)

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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