Huntington Ingalls Industries (NYSE:HII) Hits New 12-Month Low After Earnings Miss

Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price reached a new 52-week low on Thursday following a weaker than expected earnings announcement. The stock traded as low as $164.40 and last traded at $166.39, with a volume of 233460 shares traded. The stock had previously closed at $195.58.

The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.38%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Analyst Ratings Changes

A number of analysts recently issued reports on HII shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Barclays reduced their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton lifted its position in shares of Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after acquiring an additional 40 shares during the period. QRG Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 1.4% during the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after purchasing an additional 48 shares during the period. Yousif Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares in the last quarter. Inscription Capital LLC grew its position in Huntington Ingalls Industries by 4.4% in the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock valued at $346,000 after purchasing an additional 55 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Huntington Ingalls Industries by 17.8% in the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after buying an additional 57 shares in the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company’s 50-day moving average is $193.45 and its two-hundred day moving average is $230.27. The firm has a market cap of $6.26 billion, a P/E ratio of 9.03, a PEG ratio of 1.77 and a beta of 0.57.

About Huntington Ingalls Industries

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.