Huntington Ingalls Industries (NYSE:HII) Given New $460.00 Price Target at TD Cowen

Huntington Ingalls Industries (NYSE:HII) had its price objective lifted by TD Cowen from $440.00 to $460.00 in a research report report published on Friday,Benzinga reports. TD Cowen currently has a buy rating on the aerospace company’s stock.

Several other equities analysts have also recently commented on HII. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Citigroup boosted their price target on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $384.13.

Huntington Ingalls Industries Stock Up 2.2%

NYSE:HII traded up $9.20 during trading hours on Friday, hitting $430.37. 395,262 shares of the company’s stock traded hands, compared to its average volume of 496,801. Huntington Ingalls Industries has a twelve month low of $177.42 and a twelve month high of $460.00. The firm has a market cap of $16.89 billion, a P/E ratio of 28.00, a P/E/G ratio of 1.72 and a beta of 0.32. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The stock’s fifty day moving average price is $408.85 and its two-hundred day moving average price is $336.19.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the prior year, the company earned $3.15 EPS. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. On average, research analysts expect that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. The trade was a 46.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Large investors have recently modified their holdings of the company. NBC Securities Inc. lifted its position in Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. increased its position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the period. Versant Capital Management Inc lifted its holdings in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after buying an additional 60 shares during the last quarter. Finally, Motiv8 Investments LLC acquired a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $38,000. 90.46% of the stock is owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.