Huntington Ingalls Industries, Inc. (HII) Downgraded by BidaskClub
BidaskClub cut shares of Huntington Ingalls Industries, Inc. (NYSE:HII) from a buy rating to a hold rating in a research report report published on Wednesday.
A number of other equities analysts have also recently commented on HII. Cowen and Company reissued a hold rating and issued a $210.00 price target on shares of Huntington Ingalls Industries in a research note on Tuesday. Deutsche Bank AG reissued a buy rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a research note on Wednesday, August 9th. Credit Suisse Group cut their price target on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a neutral rating for the company in a research note on Monday, May 15th. Finally, Zacks Investment Research cut shares of Huntington Ingalls Industries from a buy rating to a hold rating in a research note on Monday, May 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $205.00.
Huntington Ingalls Industries (HII) traded down 0.21% on Wednesday, hitting $208.94. 407,660 shares of the stock were exchanged. Huntington Ingalls Industries has a 1-year low of $146.52 and a 1-year high of $220.68. The company has a market capitalization of $9.49 billion, a PE ratio of 17.07 and a beta of 1.18. The company has a 50-day moving average price of $205.47 and a 200 day moving average price of $201.85.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter in the previous year, the company earned $2.32 EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. Analysts anticipate that Huntington Ingalls Industries will post $11.54 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.15%. Huntington Ingalls Industries’s payout ratio is 19.61%.
In related news, VP William R. Ermatinger sold 2,985 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $215.10, for a total transaction of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares in the company, valued at approximately $7,057,431. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the sale, the vice president now owns 19,865 shares of the company’s stock, valued at $4,267,597.95. The disclosure for this sale can be found here. Insiders have sold a total of 7,699 shares of company stock valued at $1,576,565 over the last quarter. 2.22% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. Swiss National Bank raised its stake in Huntington Ingalls Industries by 26.2% in the first quarter. Swiss National Bank now owns 164,300 shares of the aerospace company’s stock worth $32,899,000 after buying an additional 34,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Huntington Ingalls Industries by 4.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,667 shares of the aerospace company’s stock valued at $1,335,000 after buying an additional 260 shares during the period. Creative Planning raised its position in shares of Huntington Ingalls Industries by 58.4% in the first quarter. Creative Planning now owns 2,410 shares of the aerospace company’s stock valued at $483,000 after buying an additional 889 shares during the period. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $641,000. Finally, Israel Discount Bank of New York bought a new position in shares of Huntington Ingalls Industries during the first quarter valued at approximately $115,000. Institutional investors own 86.59% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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