The stock of Huntington Ingalls Industries Inc (HII) has gone down by -10.70% for the week, with a -13.95% drop in the past month and a -7.98% drop in the past quarter. The volatility ratio for the week is 1.39%, and the volatility levels for the past 30 days are 1.59% for HII. The simple moving average for the past 20 days is -10.90% for HII’s stock, with a -0.43% simple moving average for the past 200 days.
Is It Worth Investing in Huntington Ingalls Industries Inc (NYSE: HII) Right Now?
Huntington Ingalls Industries Inc (NYSE: HII) has a higher price-to-earnings ratio of 14.41x compared to its average ratio, The 36-month beta value for HII is at 0.58. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 7 as “hold,” and 0 as “sell.”
The public float for HII is 39.32M, and currently, shorts hold a 1.74% of that float. The average trading volume for HII on May 02, 2024 was 306.31K shares.
HII) stock’s latest price update
Huntington Ingalls Industries Inc (NYSE: HII)’s stock price has gone decline by -11.05 in comparison to its previous close of 277.06, however, the company has experienced a -10.70% decrease in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-02 that Huntington Ingalls’ (HII) first-quarter revenues of $2.81 billion beat the Zacks Consensus Estimate by 0.2%. The top line also increases 4.9% year over year.
Analysts’ Opinion of HII
Many brokerage firms have already submitted their reports for HII stocks, with Barclays repeating the rating for HII by listing it as a “Equal Weight.” The predicted price for HII in the upcoming period, according to Barclays is $280 based on the research report published on January 05, 2024 of the current year 2024.
JP Morgan, on the other hand, stated in their research note that they expect to see HII reach a price target of $247, previously predicting the price at $250. The rating they have provided for HII stocks is “Overweight” according to the report published on September 28th, 2023.
Deutsche Bank gave a rating of “Hold” to HII, setting the target price at $217 in the report published on September 28th of the previous year.
HII Trading at -13.49% from the 50-Day Moving Average
After a stumble in the market that brought HII to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.71% of loss for the given period.
Volatility was left at 1.59%, however, over the last 30 days, the volatility rate increased by 1.39%, as shares sank -13.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.70% lower at present.
During the last 5 trading sessions, HII fell by -9.90%, which changed the moving average for the period of 200-days by +8.30% in comparison to the 20-day moving average, which settled at $274.71. In addition, Huntington Ingalls Industries Inc saw -5.08% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HII starting from Green Edgar A III, who sale 3,603 shares at the price of $290.75 back on Mar 01 ’24. After this action, Green Edgar A III now owns 7,461 shares of Huntington Ingalls Industries Inc, valued at $1,047,572 using the latest closing price.
Schuck Nicolas G, the Corp VP, Controller & CAO of Huntington Ingalls Industries Inc, sale 1,293 shares at $291.28 during a trade that took place back on Mar 01 ’24, which means that Schuck Nicolas G is holding 2,250 shares at $376,742 based on the most recent closing price.
Stock Fundamentals for HII
Current profitability levels for the company are sitting at:
- 0.07 for the present operating margin
- 0.14 for the gross margin
The net margin for Huntington Ingalls Industries Inc stands at 0.06. The total capital return value is set at 0.1. Equity return is now at value 17.96, with 5.91 for asset returns.
Based on Huntington Ingalls Industries Inc (HII), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.65. The interest coverage ratio of the stock is 8.22.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at 1.78. When we switch over and look at the enterprise to sales, we see a ratio of 1.05. The receivables turnover for the company is 5.25for trailing twelve months and the total asset turnover is 1.02. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.95.
Conclusion
In conclusion, Huntington Ingalls Industries Inc (HII) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
