Huntington Ingalls Industries, Inc. (HII) – What Are Analysts Saying About This Stock?

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $364.62.

Several brokerages have recently issued reports on HII. Citigroup raised their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Sanford C. Bernstein cut their target price on shares of Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating for the company in a research note on Wednesday, September 23rd. Finally, Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a report on Friday, July 31st.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $264.52 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The company has a fifty day simple moving average of $290.37 and a 200 day simple moving average of $313.41. The company has a market cap of $10.42 billion, a P/E ratio of 15.76, a P/E/G ratio of 1.00 and a beta of 0.21. Huntington Ingalls Industries has a 1 year low of $256.79 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. Huntington Ingalls Industries’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the business posted $3.86 EPS. On average, sell-side analysts predict that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.1%. Huntington Ingalls Industries’s dividend payout ratio is currently 32.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer owned 11,224 shares in the company, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in HII. Eastern Bank acquired a new stake in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $26,000. Bayban acquired a new position in shares of Huntington Ingalls Industries in the first quarter valued at $27,000. Cassaday & Co Wealth Management LLC bought a new position in Huntington Ingalls Industries in the first quarter worth $36,000. Motiv8 Investments LLC bought a new position in Huntington Ingalls Industries in the fourth quarter worth $38,000. Finally, MV Capital Management Inc. acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth $44,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.