Huntington Ingalls Industries (NYSE:HII) Shares Gap Down to $277.06

Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $277.06, but opened at $262.30. Huntington Ingalls Industries shares last traded at $246.30, with a volume of 127,173 shares.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HII shares. JPMorgan Chase & Co. lifted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Barclays lifted their target price on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th.

Huntington Ingalls Industries Price Performance

The company has a market capitalization of $9.68 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 2.61 and a beta of 0.60. The stock has a fifty day simple moving average of $284.94 and a 200-day simple moving average of $261.24. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.49 by $0.38. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the company posted $3.23 EPS. The business’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.34 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is 30.41%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,176 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the sale, the vice president now directly owns 6,877 shares in the company, valued at approximately $1,872,675.87. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently modified their holdings of HII. Quantbot Technologies LP purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $25,000. Cranbrook Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $28,000. Turtle Creek Wealth Advisors LLC acquired a new position in Huntington Ingalls Industries during the 4th quarter worth about $30,000. American National Bank acquired a new position in Huntington Ingalls Industries during the 1st quarter worth about $30,000. Finally, Riverview Trust Co acquired a new position in Huntington Ingalls Industries during the 1st quarter worth about $30,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.