Huntington Ingalls Industries (NYSE:HII) Shares Gap Up - Here's What Happened

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $226.05, but opened at $232.00. Huntington Ingalls Industries shares last traded at $229.60, with a volume of 96,859 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on HII shares. Barclays reduced their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group raised Huntington Ingalls Industries from a "sell" rating to a "buy" rating and increased their target price for the stock from $145.00 to $234.00 in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $231.11.

Huntington Ingalls Industries Trading Down 1.1 %

The firm has a market cap of $8.94 billion, a P/E ratio of 16.33, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The firm has a fifty day moving average of $202.72 and a 200-day moving average of $200.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The company had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. During the same period last year, the business posted $3.87 earnings per share. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.37%. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the transaction, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Generali Asset Management SPA SGR acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $2,056,000. Assetmark Inc. raised its holdings in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock worth $1,474,000 after buying an additional 7,456 shares during the period. Northcape Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the fourth quarter valued at about $3,642,000. O Keefe Stevens Advisory Inc. boosted its holdings in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company's stock worth $655,000 after buying an additional 1,339 shares during the period. Finally, Essential Planning LLC. purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $2,457,000. 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.