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

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average rating of “Reduce” by the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $228.89.

Several equities research analysts recently commented on HII shares. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Vertical Research cut 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 research note on Thursday, October 10th. Barclays cut their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $191.83 on Tuesday. The stock’s fifty day simple moving average is $205.66 and its 200 day simple moving average is $241.71. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.51 billion, a PE ratio of 10.83, a PEG ratio of 1.86 and a beta of 0.55. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business earned $3.70 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a yield of 2.81%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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 completion of the transaction, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton raised its position in Huntington Ingalls Industries by 8.2% in the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock valued at $139,000 after purchasing an additional 40 shares during the last quarter. Oliver Lagore Vanvalin Investment Group raised its holdings in Huntington Ingalls Industries by 9.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after buying an additional 41 shares during the last quarter. Ballentine Partners LLC boosted its position in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock worth $647,000 after buying an additional 42 shares during the period. QRG Capital Management Inc. grew its holdings in Huntington Ingalls Industries by 1.4% during the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock worth $939,000 after acquiring an additional 48 shares during the last quarter. Finally, Inscription Capital LLC grew its holdings in Huntington Ingalls Industries by 4.4% during the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 55 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

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.