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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) hit a new 52-week low during mid-day trading on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $164.40 and last traded at $166.39, with a volume of 233460 shares. The stock had previously closed at $195.58.

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

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 30.49%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a report on Friday, November 1st. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. Finally, Barclays lowered their target price on shares of 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $228.89.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of large investors have recently added to or reduced their stakes in HII. Stifel Financial Corp raised its stake in shares of Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock valued at $6,181,000 after acquiring an additional 6,253 shares during the last quarter. CWM LLC increased its holdings in Huntington Ingalls Industries by 142.8% during the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after purchasing an additional 3,088 shares during the period. O Keefe Stevens Advisory Inc. lifted its holdings in Huntington Ingalls Industries by 63.0% in the 4th 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. JPMorgan Chase & Co. grew its position in shares of Huntington Ingalls Industries by 45.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after buying an additional 95,324 shares during the last quarter. Finally, Old North State Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

The business has a 50 day moving average of $194.24 and a 200 day moving average of $230.76. The company has a market cap of $6.56 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

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.