Traders Buy Shares of Huntington Ingalls Industries (HII) on Weakness

Traders purchased shares of Huntington Ingalls Industries Inc (NYSE:HII) on weakness during trading hours on Tuesday. $28.59 million flowed into the stock on the tick-up and $12.99 million flowed out of the stock on the tick-down, for a money net flow of $15.60 million into the stock. Of all companies tracked, Huntington Ingalls Industries had the 33rd highest net in-flow for the day. Huntington Ingalls Industries traded down ($1.70) for the day and closed at $218.00

Several research analysts have recently weighed in on the company. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Sanford C. Bernstein lowered their target price on Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Drexel Hamilton restated a “buy” rating and set a $265.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, November 14th. Bank of America lowered their target price on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Finally, Barclays lowered their target price on Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, December 4th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $248.00.

The firm has a market cap of $9.05 billion, a P/E ratio of 11.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.95 and a quick ratio of 0.88.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 14th. The aerospace company reported $4.94 EPS for the quarter, beating analysts’ consensus estimates of $4.45 by $0.49. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. The firm had revenue of $2.20 billion for the quarter, compared to analysts’ expectations of $2.08 billion. During the same period in the prior year, the firm posted $3.11 earnings per share. The firm’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, research analysts expect that Huntington Ingalls Industries Inc will post 16.31 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Investors of record on Friday, February 22nd will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date is Thursday, February 21st. Huntington Ingalls Industries’s dividend payout ratio is presently 18.02%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American International Group Inc. lifted its holdings in Huntington Ingalls Industries by 0.3% in the fourth quarter. American International Group Inc. now owns 15,538 shares of the aerospace company’s stock valued at $2,957,000 after acquiring an additional 53 shares during the last quarter. CSat Investment Advisory L.P. lifted its stake in Huntington Ingalls Industries by 89.9% during the fourth quarter. CSat Investment Advisory L.P. now owns 150 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 71 shares in the last quarter. IFM Investors Pty Ltd lifted its stake in Huntington Ingalls Industries by 3.9% during the fourth quarter. IFM Investors Pty Ltd now owns 2,488 shares of the aerospace company’s stock worth $473,000 after purchasing an additional 93 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in Huntington Ingalls Industries by 6.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 1,624 shares of the aerospace company’s stock worth $309,000 after purchasing an additional 100 shares in the last quarter. Finally, Eaton Vance Management lifted its stake in Huntington Ingalls Industries by 5.5% during the fourth quarter. Eaton Vance Management now owns 1,972 shares of the aerospace company’s stock worth $375,000 after purchasing an additional 102 shares in the last quarter. Hedge funds and other institutional investors own 86.64% of the company’s stock.

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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.

See Also: How are Outstanding Shares Different from Authorized Shares?

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