Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $228.89

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned an average recommendation of “Reduce” from the ten analysts that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $228.89.

Several equities analysts have weighed in on HII shares. Bank of America cut their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Alembic Global Advisors lowered 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 note on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Up 0.8 %

Shares of NYSE:HII opened at $202.58 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. The stock has a market cap of $7.93 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 1.71 and a beta of 0.56. The company has a 50 day moving average of $193.69 and a 200-day moving average of $235.23. Huntington Ingalls Industries has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released 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). 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 firm posted $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 14.05 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

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

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale increased its stake in shares of Huntington Ingalls Industries by 4.7% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 2,308 shares of the aerospace company’s stock worth $552,000 after purchasing an additional 103 shares during the last quarter. Federated Hermes Inc. increased its position in Huntington Ingalls Industries by 48.7% during the second quarter. Federated Hermes Inc. now owns 406 shares of the aerospace company’s stock worth $100,000 after buying an additional 133 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Huntington Ingalls Industries by 30.5% in the second quarter. Envestnet Asset Management Inc. now owns 124,565 shares of the aerospace company’s stock valued at $30,684,000 after buying an additional 29,091 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Huntington Ingalls Industries by 2.7% in the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after buying an additional 13,439 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its stake in shares of Huntington Ingalls Industries by 51.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,808 shares of the aerospace company’s stock worth $1,677,000 after acquiring an additional 2,315 shares during the period. 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.