Huntington Ingalls Industries (NYSE:HII) Shares Up 6.1% – Here’s Why

Huntington Ingalls Industries, Inc. (NYSE:HII) rose 6.1% during mid-day trading on Friday . The stock traded as high as $169.68 and last traded at $169.48. Approximately 983,673 shares traded hands during trading, an increase of 77% from the average daily volume of 554,536 shares. The stock had previously closed at $159.75.

Analyst Ratings Changes

HII has been the topic of several research reports. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Price Performance

The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $193.45 and a 200-day moving average of $230.27. The stock has a market capitalization of $6.60 billion, a P/E ratio of 9.52, a PEG ratio of 1.77 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. 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%. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 14.09 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. 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 3.20%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of the stock. River Road Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $65,215,000. Marathon Trading Investment Management LLC purchased a new position in Huntington Ingalls Industries during the 4th quarter worth approximately $841,000. Investors Research Corp acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at $1,072,000. Daiwa Securities Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 8.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,208 shares of the aerospace company’s stock valued at $984,000 after purchasing an additional 392 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Huntington Ingalls Industries by 6.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,561 shares of the aerospace company’s stock worth $4,452,000 after buying an additional 1,381 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.