Huntington Ingalls Industries, Inc. engages in 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; expeditionary warfare ships; surface combatants; and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of ships. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in-service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.
Analyst Ratings Changes
Several research firms recently weighed in on HII. Sanford C. Bernstein lifted their price target on shares of Huntington Ingalls Industries from $217.00 to $235.00 in a report on Tuesday, August 9th. StockNews.com upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $235.88.
Huntington Ingalls Industries Stock Up 0.3 %
Huntington Ingalls Industries stock traded up $0.61 on Thursday, hitting $236.78. 182,554 shares of the stock traded hands, compared to its average volume of 390,375. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. The firm has a market cap of $9.46 billion, a P/E ratio of 16.28 and a beta of 0.67. The business's fifty day simple moving average is $214.91 and its 200 day simple moving average is $207.89. Huntington Ingalls Industries has a 1 year low of $175.50 and a 1 year high of $239.52.
Huntington Ingalls Industries (NYSE:HII - Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $1.01. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.62 billion. Huntington Ingalls Industries had a return on equity of 21.73% and a net margin of 5.71%. Huntington Ingalls Industries's quarterly revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.20 EPS. As a group, sell-side analysts forecast that Huntington Ingalls Industries will post 15.38 earnings per share for the current year.
Huntington Ingalls Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be given a $1.18 dividend. This represents a $4.72 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, August 25th. Huntington Ingalls Industries's dividend payout ratio is presently 32.37%.
Insider Transactions at Huntington Ingalls Industries
In other news, VP Jennifer R. Boykin sold 2,614 shares of Huntington Ingalls Industries stock in a transaction dated Saturday, June 11th. The stock was sold at an average price of $229.00, for a total value of $598,606.00. Following the completion of the transaction, the vice president now owns 7,447 shares of the company's stock, valued at approximately $1,705,363. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 4,222 shares of the business's stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $207.99, for a total value of $878,133.78. Following the completion of the transaction, the vice president now owns 5,809 shares of the company's stock, valued at approximately $1,208,213.91. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Jennifer R. Boykin sold 2,614 shares of the business's stock in a transaction dated Saturday, June 11th. The stock was sold at an average price of $229.00, for a total value of $598,606.00. Following the completion of the transaction, the vice president now directly owns 7,447 shares of the company's stock, valued at approximately $1,705,363. The disclosure for this sale can be found here. 2.16% of the stock is owned by insiders.
