Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Recommendation of “Reduce” by Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned an average rating of “Reduce” from the ten research firms that are currently covering the stock, Marketbeat reports. Two investment 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 brokerages that have covered the stock in the last year is $228.89.

A number of analysts have weighed in on the stock. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Barclays dropped their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Bank of America dropped their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $199.37 on Friday. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock’s 50-day simple moving average is $234.27 and its 200 day simple moving average is $250.48. The firm has a market capitalization of $7.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period last year, the company posted $3.70 EPS. On average, analysts anticipate that Huntington Ingalls Industries will post 14.63 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.71%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is 29.36%.

Insider Transactions at Huntington Ingalls Industries

In other 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 value of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries in the third quarter worth $29,000. Family Firm Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter worth $35,000. Rothschild Investment LLC bought a new stake in Huntington Ingalls Industries in the second quarter valued at $37,000. Finally, ORG Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after purchasing an additional 126 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.