Investors Buy Huntington Ingalls Industries (HII) on Weakness

Investors purchased shares of Huntington Ingalls Industries Inc (NYSE:HII) on weakness during trading on Monday. $41.01 million flowed into the stock on the tick-up and $24.28 million flowed out of the stock on the tick-down, for a money net flow of $16.73 million into the stock. Of all companies tracked, Huntington Ingalls Industries had the 30th highest net in-flow for the day. Huntington Ingalls Industries traded down ($1.57) for the day and closed at $213.93

Several research firms recently weighed in on HII. Bank of America cut their target price on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a research note on Friday, November 9th. Goldman Sachs Group cut shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 target price for the company. in a research note on Thursday, October 11th. Buckingham Research began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, September 12th. They set a “buy” rating and a $297.00 target price for the company. Sanford C. Bernstein cut their target price on shares of Huntington Ingalls Industries from $246.00 to $223.00 in a research note on Monday, November 12th. Finally, Drexel Hamilton reaffirmed a “buy” rating and set a $265.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Buy” and an average price target of $259.31.

The company has a market cap of $9.26 billion, a price-to-earnings ratio of 17.62 and a beta of 1.08. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $1.15. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.90 billion. During the same period last year, the company posted $3.27 EPS. The business’s revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries Inc will post 17.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be paid a $0.86 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of Huntington Ingalls Industries stock in a transaction on Monday, October 1st. The shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the completion of the transaction, the vice president now directly owns 34,750 shares of the company’s stock, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.32% of the company’s stock.

Several large investors have recently modified their holdings of HII. FMR LLC grew its stake in shares of Huntington Ingalls Industries by 18.5% in the 2nd quarter. FMR LLC now owns 3,813,494 shares of the aerospace company’s stock worth $826,727,000 after buying an additional 595,334 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Huntington Ingalls Industries by 6,975.0% in the 2nd quarter. Marshall Wace LLP now owns 157,630 shares of the aerospace company’s stock worth $34,173,000 after buying an additional 155,402 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 7.5% in the 3rd quarter. AQR Capital Management LLC now owns 2,208,378 shares of the aerospace company’s stock worth $565,521,000 after buying an additional 153,989 shares in the last quarter. Artemis Investment Management LLP grew its stake in shares of Huntington Ingalls Industries by 32.2% in the 3rd quarter. Artemis Investment Management LLP now owns 617,820 shares of the aerospace company’s stock worth $158,232,000 after buying an additional 150,552 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Huntington Ingalls Industries by 30.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 511,604 shares of the aerospace company’s stock worth $131,012,000 after buying an additional 118,953 shares in the last quarter. 85.44% of the stock is owned by institutional investors and hedge funds.

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Huntington Ingalls Industries Company Profile (NYSE:HII)

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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