Huntington Ingalls Industries (NYSE:HII) Posts Earnings Results, Beats Expectations By $0.11 EPS

Huntington Ingalls Industries (NYSE:HII) released its quarterly earnings results on Thursday. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.11, reports. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company earned $5.29 earnings per share. The business’s quarterly revenue was up 6.5% compared to the same quarter last year.

HII traded up $0.76 during trading hours on Friday, hitting $251.21. 450,488 shares of the stock were exchanged, compared to its average volume of 312,075. The stock has a 50-day simple moving average of $216.46 and a 200-day simple moving average of $216.34. Huntington Ingalls Industries has a 12 month low of $173.80 and a 12 month high of $254.14. The stock has a market cap of $9.56 billion, a price-to-earnings ratio of 13.16 and a beta of 1.19. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 1.05.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a dividend of $1.03 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 1.64%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 18.02%.

In related news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total transaction of $384,170.00. Following the transaction, the vice president now directly owns 33,888 shares in the company, valued at $6,947,040. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.65% of the company’s stock.

A number of research firms have recently weighed in on HII. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Bank of America decreased their price target on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. UBS Group raised their price target on shares of Huntington Ingalls Industries from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Buckingham Research reduced their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $249.30.

About Huntington Ingalls Industries

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.

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Earnings History for Huntington Ingalls Industries (NYSE:HII)

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