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

Huntington Ingalls Industries, Inc. (NYSE:HII) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $388.50.

HII has been the subject of a number of research reports. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Wells Fargo & Company started coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price for the company. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup lowered their price objective on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Finally, TD Cowen lowered their price objective on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research report on Thursday, May 14th.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $292.09 on Tuesday. Huntington Ingalls Industries has a twelve month low of $215.04 and a twelve month high of $460.00. The firm has a market cap of $11.51 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The business has a fifty day moving average of $350.23 and a 200-day moving average of $371.68.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company posted $3.79 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Huntington Ingalls Industries will post 17.32 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. grew its position in shares of Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares during the period. Van ECK Associates Corp grew its position in shares of Huntington Ingalls Industries by 32.1% during the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after buying an additional 400,428 shares during the period. Geode Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock worth $379,098,000 after buying an additional 56,618 shares during the period. AQR Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 85.0% during the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after buying an additional 498,690 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 1.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock worth $332,717,000 after buying an additional 11,743 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

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.