Investors Sell Huntington Ingalls Industries (HII) on Strength (HII)

Investors sold shares of Huntington Ingalls Industries Inc (NYSE:HII) on strength during trading hours on Friday. $30.70 million flowed into the stock on the tick-up and $41.61 million flowed out of the stock on the tick-down, for a money net flow of $10.91 million out of the stock. Of all stocks tracked, Huntington Ingalls Industries had the 18th highest net out-flow for the day. Huntington Ingalls Industries traded up $4.83 for the day and closed at $253.98

Several analysts have recently issued reports on HII shares. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday, February 2nd. Credit Suisse Group raised shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price target on the stock in a report on Friday, February 16th. Finally, Stifel Nicolaus reissued a “sell” rating and issued a $230.00 price target on shares of Huntington Ingalls Industries in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $261.38.

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The company has a debt-to-equity ratio of 0.73, a current ratio of 1.58 and a quick ratio of 1.45. The stock has a market capitalization of $11,450.38, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 0.98 and a beta of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.93 by $0.18. The company had revenue of $2 billion for the quarter, compared to the consensus estimate of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.20 EPS. research analysts expect that Huntington Ingalls Industries Inc will post 17.38 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a yield of 1.13%. The ex-dividend date was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 27.56%.

In other Huntington Ingalls Industries news, Director Philip M. Bilden acquired 4,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were acquired at an average cost of $265.14 per share, with a total value of $1,060,560.00. Following the completion of the acquisition, the director now directly owns 142 shares in the company, valued at $37,649.88. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip M. Bilden acquired 1,000 shares of the company’s stock in a transaction on Monday, March 5th. The shares were acquired at an average cost of $254.50 per share, for a total transaction of $254,500.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. 2.22% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2.4% in the fourth quarter. BlackRock Inc. now owns 4,727,701 shares of the aerospace company’s stock worth $1,114,317,000 after buying an additional 112,168 shares in the last quarter. Atlantic Trust Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $19,490,000. Gotham Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth about $16,158,000. First Trust Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 46.5% in the fourth quarter. First Trust Advisors LP now owns 172,644 shares of the aerospace company’s stock worth $40,692,000 after buying an additional 54,761 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Huntington Ingalls Industries by 127.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 87,550 shares of the aerospace company’s stock worth $19,823,000 after buying an additional 49,132 shares in the last quarter. 84.13% of the stock is currently owned by institutional investors and hedge funds.

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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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