Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Consensus Rating of “Buy” from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) has earned a consensus rating of “Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $231.78.

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. lowered their price target on Huntington Ingalls Industries from $220.00 to $210.00 and set a “neutral” rating for the company in a report on Monday, February 14th. TheStreet raised Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research note on Thursday, March 3rd. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. StockNews.com initiated coverage on shares of Huntington Ingalls Industries in a research report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Vertical Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $250.00 price objective on the stock in a report on Thursday, March 17th.

Shares of NYSE HII opened at $212.74 on Monday. Huntington Ingalls Industries has a 52-week low of $175.50 and a 52-week high of $228.66. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.08 and a current ratio of 1.15. The stock has a market cap of $8.52 billion, a P/E ratio of 15.74 and a beta of 0.90. The firm has a 50 day moving average price of $207.40 and a 200 day moving average price of $196.37.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The aerospace company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.07). Huntington Ingalls Industries had a return on equity of 24.06% and a net margin of 5.71%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same period in the prior year, the business earned $4.35 earnings per share. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries will post 15.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 11th. Investors of record on Friday, February 25th were given a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend was Thursday, February 24th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 34.91%.

In other news, VP D R. Wyatt sold 550 shares of the stock in a transaction that occurred on Thursday, February 24th. The stock was sold at an average price of $185.56, for a total value of $102,058.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,028 shares of the business’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $202.37, for a total transaction of $208,036.36. The disclosure for this sale can be found here. Insiders have sold a total of 2,354 shares of company stock worth $474,335 over the last three months. Insiders own 2.16% of the company’s stock.

A number of large investors have recently modified their holdings of HII. Whittier Trust Co. raised its stake in Huntington Ingalls Industries by 17.7% in the first quarter. Whittier Trust Co. now owns 1,571 shares of the aerospace company’s stock valued at $313,000 after buying an additional 236 shares during the period. Park Avenue Securities LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $223,000. Navellier & Associates Inc. acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $3,788,000. Daiwa Securities Group Inc. boosted its position in Huntington Ingalls Industries by 3.1% during the first quarter. Daiwa Securities Group Inc. now owns 2,456 shares of the aerospace company’s stock worth $490,000 after purchasing an additional 74 shares during the period. Finally, AustralianSuper Pty Ltd increased its holdings in shares of Huntington Ingalls Industries by 11.0% in the first quarter. AustralianSuper Pty Ltd now owns 118,936 shares of the aerospace company’s stock valued at $23,721,000 after purchasing an additional 11,758 shares during the last quarter. Institutional investors and hedge funds own 85.52% of the company’s stock.

About Huntington Ingalls Industries (Get Rating)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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