Huntington Ingalls Industries (NYSE:HII) Trading Up 5.1% - Should You Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) rose 5.1% during trading on Wednesday . The stock traded as high as $206.12 and last traded at $203.44. Approximately 204,327 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 356,335 shares. The stock had previously closed at $193.49.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HII. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and boosted their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. Barclays decreased their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Finally, TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and an average price target of $228.89.

Huntington Ingalls Industries Trading Up 0.5 %

The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The business's 50 day simple moving average is $215.13 and its 200 day simple moving average is $244.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 EPS. The firm's quarterly revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a dividend of $1.35 per share. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a yield of 2.78%. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's payout ratio is currently 30.49%.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the business's stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares of the company's stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its holdings in Huntington Ingalls Industries by 17.8% in the third quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company's stock valued at $539,000 after acquiring an additional 308 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Huntington Ingalls Industries during the third quarter worth $153,000. Fulcrum Equity Management lifted its holdings in Huntington Ingalls Industries by 3.9% in the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company's stock worth $559,000 after buying an additional 79 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $1,838,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of Huntington Ingalls Industries by 2,710.1% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 88,435 shares of the aerospace company's stock valued at $23,381,000 after buying an additional 85,288 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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.