Huntington Ingalls Industries (NYSE:HII) Shares Gap Down – Time to Sell?
by Amy Steele · The Cerbat GemHuntington Ingalls Industries, Inc. (NYSE:HII – Get Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $363.37, but opened at $338.13. Huntington Ingalls Industries shares last traded at $331.7950, with a volume of 189,050 shares changing hands.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. TD Cowen raised their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, Citigroup decreased their target price on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $383.22.
Check Out Our Latest Analysis on Huntington Ingalls Industries
Huntington Ingalls Industries Stock Performance
The company has a market cap of $12.87 billion, a PE ratio of 21.29, a PEG ratio of 1.46 and a beta of 0.29. The business’s 50-day moving average is $404.59 and its 200 day moving average is $369.64. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.79 EPS. On average, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current fiscal year.
Huntington Ingalls Industries Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.
Insiders Place Their Bets
In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This trade represents a 46.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the sale, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Huntington Ingalls Industries
Large investors have recently added to or reduced their stakes in the company. Primoris Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $2,260,000. CWA Asset Management Group LLC boosted its stake in shares of Huntington Ingalls Industries by 51.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after purchasing an additional 8,384 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Huntington Ingalls Industries by 205.8% during the 4th quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after purchasing an additional 26,940 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Huntington Ingalls Industries by 31.2% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock valued at $3,502,000 after purchasing an additional 2,990 shares in the last quarter. Finally, Strs Ohio boosted its stake in shares of Huntington Ingalls Industries by 648.6% during the 3rd quarter. Strs Ohio now owns 54,933 shares of the aerospace company’s stock valued at $15,816,000 after purchasing an additional 47,595 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.
Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.