Huntington Ingalls Industries (NYSE:HII) Shares Gap Up – Here’s What Happened

Huntington Ingalls Industries, Inc. (NYSE:HII) gapped up prior to trading on Monday . The stock had previously closed at $226.05, but opened at $232.00. Huntington Ingalls Industries shares last traded at $229.60, with a volume of 96,859 shares changing hands.

Analysts Set New Price Targets

HII has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $234.00 in a report on Friday, April 11th. Barclays dropped their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average price target of $231.11.

Huntington Ingalls Industries Stock Up 0.8 %

The firm’s 50 day moving average price is $198.20 and its two-hundred day moving average price is $200.32. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $8.94 billion, a P/E ratio of 16.29, a PEG ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 2.37%. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Insiders Place Their Bets

In related news, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares during the period. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries during the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $48,000. Finally, Bruce G. Allen Investments LLC raised its position in shares of Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock valued at $53,000 after purchasing an additional 85 shares during the period. Institutional investors own 90.46% of the company’s stock.

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.