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

Huntington Ingalls Industries, Inc. (NYSE:HII) shares 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 changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on HII shares. StockNews.com lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Barclays raised their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th.

Huntington Ingalls Industries Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.96. The business has a 50 day simple moving average of $284.10 and a 200-day simple moving average of $261.13. The firm has a market capitalization of $9.75 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 2.31 and a beta of 0.60.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $3.50 by $0.37. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. Huntington Ingalls Industries had a net margin of 6.09% and a return on equity of 18.08%. Huntington Ingalls Industries’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.23 earnings per share. On average, equities analysts expect that Huntington Ingalls Industries, Inc. will post 16.35 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Friday, May 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, May 31st. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the company’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the transaction, the vice president now owns 18,600 shares of the company’s stock, valued at $5,367,216. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $288.56, for a total value of $144,280.00. Following the sale, the vice president now owns 18,600 shares of the company’s stock, valued at $5,367,216. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,472 shares of company stock valued at $2,398,345. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gulf International Bank UK Ltd raised its stake in shares of Huntington Ingalls Industries by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company’s stock valued at $957,000 after acquiring an additional 42 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in Huntington Ingalls Industries by 0.5% in the third quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company’s stock worth $1,693,000 after acquiring an additional 44 shares during the last quarter. Steward Partners Investment Advisory LLC grew its holdings in Huntington Ingalls Industries by 5.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company’s stock worth $226,000 after acquiring an additional 47 shares in the last quarter. Kestra Private Wealth Services LLC increased its position in shares of Huntington Ingalls Industries by 0.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock valued at $2,705,000 after purchasing an additional 48 shares during the last quarter. Finally, Wills Financial Group Inc. increased its position in shares of Huntington Ingalls Industries by 4.6% in the 3rd quarter. Wills Financial Group Inc. now owns 1,135 shares of the aerospace company’s stock valued at $232,000 after purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors 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.