Huntington Ingalls Industries (NYSE:HII) posted its quarterly earnings results on Thursday. The aerospace company reported $3.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.63 by $0.11, Briefing.com reports. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $5.29 EPS.
HII traded up $0.76 on Friday, hitting $251.21. The company had a trading volume of 450,488 shares, compared to its average volume of 312,075. The firm has a market cap of $9.56 billion, a P/E ratio of 13.16 and a beta of 1.19. Huntington Ingalls Industries has a 1 year low of $173.80 and a 1 year high of $254.14. The company’s fifty day moving average price is $216.46 and its 200 day moving average price is $216.34. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.15.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.03 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 27th. Huntington Ingalls Industries’s payout ratio is 18.02%.
In related news, VP Jerri F. Dickseski sold 1,874 shares of the business’s stock in a transaction dated Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total value of $384,170.00. Following the sale, the vice president now directly owns 33,888 shares in the company, valued at approximately $6,947,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.65% of the stock is currently owned by insiders.
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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