Huntington Ingalls Industries (NYSE:HII) Sets New 1-Year Low Following Weak Earnings

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

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

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Wall Street Analysts Forecast Growth

HII has been the topic of several research analyst reports. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Barclays dropped their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $228.89.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several large investors have recently bought and sold shares of HII. Kathleen S. Wright Associates Inc. acquired a new position in Huntington Ingalls Industries during the third quarter worth about $29,000. Northwest Investment Counselors LLC acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth about $40,000. Truvestments Capital LLC purchased a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $42,000. Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $48,000. Finally, Bruce G. Allen Investments LLC grew its position in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

The company has a 50 day moving average of $193.45 and a 200 day moving average of $230.27. 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 stock has a market capitalization of $6.26 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 1.77 and a beta of 0.57.

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.