Huntington Ingalls Industries (NYSE:HII) Releases Earnings Results, Misses Estimates By $0.49 EPS

Huntington Ingalls Industries (NYSE:HII) released its earnings results on Thursday. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.56 by ($0.49), Morningstar.com reports. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.03%. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same quarter last year, the firm posted $5.40 EPS. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year.

NYSE HII traded down $8.82 on Friday, reaching $206.19. The company had a trading volume of 852,122 shares, compared to its average volume of 264,390. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92. The stock has a market cap of $8.93 billion, a PE ratio of 10.80 and a beta of 1.18. The stock’s 50 day moving average is $227.34. Huntington Ingalls Industries has a 12 month low of $173.80 and a 12 month high of $262.32.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.86 dividend. The ex-dividend date is Thursday, August 29th. This represents a $3.44 dividend on an annualized basis and a yield of 1.67%. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.

A number of research analysts recently weighed in on the stock. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $251.08.

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 500 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total value of $102,830.00. Following the sale, the vice president now directly owns 10,137 shares in the company, valued at approximately $2,084,775.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jerri F. Dickseski sold 1,874 shares of Huntington Ingalls Industries stock in a transaction on Monday, July 8th. The shares were sold at an average price of $228.68, for a total transaction of $428,546.32. Following the completion of the sale, the vice president now owns 34,033 shares in the company, valued at $7,782,666.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,737 shares of company stock worth $1,027,724. 2.65% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chicago Equity Partners LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $944,000. Qube Research & Technologies Ltd bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $836,000. Wealth Enhancement Advisory Services LLC bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $1,081,000. Envestnet Asset Management Inc. grew its holdings in Huntington Ingalls Industries by 23.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,388 shares of the aerospace company’s stock valued at $4,357,000 after purchasing an additional 3,745 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $559,000. Institutional investors own 85.60% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Earnings History for Huntington Ingalls Industries (NYSE:HII)

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