Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement. The stock traded as low as $164.40 and last traded at $166.39, with a volume of 233460 shares traded. The stock had previously closed at $195.58.
The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%.
Huntington Ingalls Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's dividend payout ratio is currently 38.68%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a research note on Monday. Bank of America dropped their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Finally, TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $221.22.
Check Out Our Latest Stock Report on HII
Hedge Funds Weigh In On Huntington Ingalls Industries
A number of large investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock worth $455,222,000 after buying an additional 863,800 shares during the last quarter. River Road Asset Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $65,215,000. Diamond Hill Capital Management Inc. lifted its position in Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after acquiring an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $36,191,000. Finally, FMR LLC increased its holdings in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after purchasing an additional 187,411 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.
Huntington Ingalls Industries Trading Down 0.1 %
The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a 50 day moving average price of $192.86 and a 200 day moving average price of $229.08. The stock has a market capitalization of $6.59 billion, a PE ratio of 12.06, a P/E/G ratio of 1.43 and a beta of 0.57.
Huntington Ingalls Industries Company Profile
(
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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.
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