Huntington Ingalls Industries (NYSE:HII) Posts Earnings Results, Beats Expectations By $0.37 EPS

Huntington Ingalls Industries (NYSE:HII) released its earnings results on Thursday. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.50 by $0.37, Briefing.com reports. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.81 billion. During the same period in the prior year, the firm earned $3.23 EPS. The firm’s revenue was up 4.7% on a year-over-year basis.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $245.19 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 2.61 and a beta of 0.60. The firm’s 50 day simple moving average is $284.10 and its 200-day simple moving average is $261.13. Huntington Ingalls Industries has a 12 month low of $188.51 and a 12 month high of $299.50.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $1.30 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.12%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.41%.

Analysts Set New Price Targets

HII has been the topic of a number of research reports. Barclays increased their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the company an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at $5,036,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, VP D R. Wyatt sold 900 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now owns 19,100 shares in the company, valued at approximately $5,036,479. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Edgar A. Green III sold 3,603 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the completion of the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at approximately $2,169,285.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,472 shares of company stock valued at $2,398,345. Corporate insiders own 0.72% of the company’s stock.

About Huntington Ingalls Industries

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.