Huntington Ingalls Industries (HII) Shares Down 6%

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Shares of Huntington Ingalls Industries Inc (NYSE:HII) dropped 6% during mid-day trading on Thursday . The company traded as low as $214.32 and last traded at $220.06. Approximately 1,234,600 shares traded hands during trading, an increase of 160% from the average daily volume of 474,386 shares. The stock had previously closed at $234.08.

Several research firms have issued reports on HII. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, October 22nd. Cowen reaffirmed a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Huntington Ingalls Industries in a report on Friday, August 10th. Seaport Global Securities began coverage on shares of Huntington Ingalls Industries in a report on Thursday, August 23rd. They set a “neutral” rating and a $260.00 price objective on the stock. UBS Group began coverage on shares of Huntington Ingalls Industries in a report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective on the stock. Finally, Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company. Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus price target of $262.83.

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 1.43. The firm has a market cap of $10.14 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.91 and a beta of 1.13.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted $3.27 earnings per share. Analysts predict that Huntington Ingalls Industries Inc will post 17.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.54%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is 23.72%.

In other news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the sale, the vice president now directly owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.22% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. First Command Bank acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $101,000. First Command Financial Services Inc. acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $101,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Huntington Ingalls Industries in the second quarter valued at about $110,000. Ayalon Holdings Ltd. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $110,000. Finally, Welch Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at about $110,000. Institutional investors and hedge funds own 85.56% 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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