Huntington Ingalls Industries (NYSE:HII) Hits New 12-Month Low on Disappointing Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII) shares hit a new 52-week low on Thursday after the company announced weaker than expected quarterly earnings. The stock traded as low as $164.40 and last traded at $166.39, with a volume of 233460 shares. The stock had previously closed at $195.58.

The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday, November 1st. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft reduced 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average target price of $228.89.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of large investors have recently made changes to their positions in HII. Auxano Advisors LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter worth about $272,000. SBI Securities Co. Ltd. purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $193,000. Jones Financial Companies Lllp boosted its position in Huntington Ingalls Industries by 173.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,565 shares of the aerospace company’s stock valued at $863,000 after buying an additional 2,896 shares during the last quarter. SRS Capital Advisors Inc. raised its position in Huntington Ingalls Industries by 156.4% during the 4th quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company’s stock worth $91,000 after buying an additional 294 shares during the last quarter. Finally, Asahi Life Asset Management CO. LTD. lifted its stake in Huntington Ingalls Industries by 7.2% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 1,490 shares of the aerospace company’s stock valued at $282,000 after acquiring an additional 100 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $6.56 billion, a PE ratio of 9.38, a P/E/G ratio of 1.77 and a beta of 0.57. The firm’s fifty day moving average price is $194.24 and its 200 day moving average price is $230.76.

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.