Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $228.89 Average PT from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received a consensus recommendation of “Reduce” from the ten analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $228.89.

Several equities analysts have recently issued reports on the stock. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Friday, November 1st. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Finally, The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the period. AQR Capital Management LLC boosted its position in Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares during the period. FMR LLC boosted its position in Huntington Ingalls Industries by 5.6% during the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after purchasing an additional 187,411 shares during the period. Diamond Hill Capital Management Inc. bought a new stake in Huntington Ingalls Industries during the third quarter worth approximately $47,698,000. Finally, Sound Shore Management Inc. CT boosted its position in Huntington Ingalls Industries by 50.7% during the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after purchasing an additional 116,180 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.8 %

HII stock opened at $202.60 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The firm has a fifty day moving average price of $194.16 and a two-hundred day moving average price of $234.29. The firm has a market cap of $7.93 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 1.85 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter in the previous year, the firm earned $3.70 EPS. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries will post 14 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.67%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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.