Huntington Ingalls Industries (NYSE:HII) Reaches New 1-Year High – Should You Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price reached a new 52-week high on Wednesday . The company traded as high as $449.03 and last traded at $446.8540, with a volume of 392019 shares trading hands. The stock had previously closed at $438.01.

Wall Street Analysts Forecast Growth

HII has been the subject of several analyst reports. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. The Goldman Sachs Group increased their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $370.38.

Huntington Ingalls Industries Stock Up 2.0%

The stock has a market cap of $17.53 billion, a PE ratio of 29.07, a P/E/G ratio of 1.79 and a beta of 0.34. The business has a 50 day moving average of $393.83 and a 200-day moving average of $327.53. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.15 earnings per share. Equities research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its stake in shares of Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after buying an additional 59 shares during the period. Brookstone Capital Management purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at approximately $217,000. Ethic Inc. lifted its position in Huntington Ingalls Industries by 5.7% during the 2nd quarter. Ethic Inc. now owns 1,674 shares of the aerospace company’s stock worth $400,000 after acquiring an additional 90 shares during the period. Forum Financial Management LP purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $257,000. Finally, Asset Management One Co. Ltd. increased its holdings in shares of Huntington Ingalls Industries by 13.9% in the second quarter. Asset Management One Co. Ltd. now owns 1,298 shares of the aerospace company’s stock valued at $313,000 after purchasing an additional 158 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.