Huntington Ingalls Industries (NYSE:HII) Stock Price Up 5.1% – Still a Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price traded up 5.1% during mid-day trading on Wednesday . The stock traded as high as $206.12 and last traded at $203.44. 204,327 shares were traded during mid-day trading, a decline of 43% from the average session volume of 356,335 shares. The stock had previously closed at $193.49.

Wall Street Analyst Weigh In

HII has been the subject of a number of research analyst reports. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research report on Friday, November 1st. Bank of America lowered their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group dropped their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Stock Down 3.5 %

The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 10.59, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The business’s 50 day moving average is $212.55 and its 200-day moving average is $243.76.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.70 EPS. Equities analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.88%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were 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 directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently made changes to their positions in HII. Kathleen S. Wright Associates Inc. acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth about $29,000. Family Firm Inc. bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $35,000. Rothschild Investment LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $37,000. Northwest Investment Counselors LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at $40,000. Finally, Truvestments Capital LLC bought a new stake in shares of Huntington Ingalls Industries during the third quarter worth $42,000. 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.