Huntington Ingalls Industries Inc (NYSE:HII) – Research analysts at Seaport Global Securities lifted their Q3 2019 earnings per share (EPS) estimates for Huntington Ingalls Industries in a report released on Monday, August 5th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will post earnings of $4.08 per share for the quarter, up from their prior estimate of $4.06. Seaport Global Securities also issued estimates for Huntington Ingalls Industries’ Q4 2019 earnings at $4.08 EPS and FY2019 earnings at $14.07 EPS.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.49). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 earnings per share.
Shares of HII traded up $3.46 on Wednesday, hitting $207.27. The company’s stock had a trading volume of 181,696 shares, compared to its average volume of 328,975. The company has a market capitalization of $8.50 billion, a PE ratio of 10.86 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 1.05. Huntington Ingalls Industries has a fifty-two week low of $173.80 and a fifty-two week high of $262.32. The company has a 50 day moving average price of $217.87 and a 200 day moving average price of $214.59.
A number of institutional investors have recently made changes to their positions in HII. Piedmont Investment Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.7% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock worth $689,000 after purchasing an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Huntington Ingalls Industries by 0.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,483 shares of the aerospace company’s stock valued at $1,342,000 after acquiring an additional 59 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Huntington Ingalls Industries by 6.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 59 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Huntington Ingalls Industries by 34.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 60 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Huntington Ingalls Industries by 1.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock valued at $1,265,000 after acquiring an additional 62 shares in the last quarter. 87.66% of the stock is currently owned by institutional investors and hedge funds.
In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $228.68, for a total value of $428,546.32. Following the sale, the vice president now owns 34,033 shares of the company’s stock, valued at approximately $7,782,666.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.65% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.
Huntington Ingalls Industries Company Profile
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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