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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) have been assigned an average recommendation of “Hold” from the twelve analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $251.10.

Several analysts have commented on the stock. StockNews.com upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, February 10th. TheStreet upgraded shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. JPMorgan Chase & Co. dropped their target price on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. Sanford C. Bernstein dropped their target price on shares of Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating on the stock in a report on Monday, February 13th. Finally, Credit Suisse Group lowered their price objective on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, February 10th.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 3,662 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $222.41, for a total transaction of $814,465.42. Following the transaction, the director now directly owns 351 shares in the company, valued at approximately $78,065.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, VP Edgar A. Green III sold 1,717 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total value of $369,086.32. Following the transaction, the vice president now directly owns 5,982 shares in the company, valued at approximately $1,285,890.72. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anastasi D. Kelly sold 3,662 shares of the stock in a transaction on Tuesday, February 21st. The stock was sold at an average price of $222.41, for a total value of $814,465.42. Following the completion of the transaction, the director now owns 351 shares in the company, valued at $78,065.91. The disclosure for this sale can be found here. Insiders have sold 6,924 shares of company stock worth $1,522,231 over the last ninety days. Insiders own 2.16% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently bought and sold shares of HII. Morgan Stanley raised its position in Huntington Ingalls Industries by 133.8% in the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock valued at $296,456,000 after buying an additional 735,356 shares during the last quarter. Sound Shore Management Inc CT purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $53,748,000. Natixis increased its position in shares of Huntington Ingalls Industries by 7,020.3% during the 4th quarter. Natixis now owns 175,159 shares of the aerospace company’s stock valued at $40,406,000 after purchasing an additional 172,699 shares during the last quarter. Amundi increased its position in shares of Huntington Ingalls Industries by 98.7% during the 2nd quarter. Amundi now owns 242,598 shares of the aerospace company’s stock valued at $49,526,000 after purchasing an additional 120,528 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Huntington Ingalls Industries by 924.3% during the 1st quarter. Renaissance Technologies LLC now owns 117,800 shares of the aerospace company’s stock valued at $23,494,000 after purchasing an additional 106,300 shares during the last quarter. 86.63% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Down 1.0 %

Shares of HII stock opened at $207.96 on Friday. Huntington Ingalls Industries has a 52-week low of $189.76 and a 52-week high of $260.02. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 14.39 and a beta of 0.64. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.95. The firm has a fifty day moving average of $220.23 and a 200-day moving average of $229.25.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last issued its quarterly earnings data on Thursday, February 9th. The aerospace company reported $3.07 EPS for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). Huntington Ingalls Industries had a return on equity of 18.81% and a net margin of 5.42%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the company earned $2.99 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries will post 14.53 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 10th. Investors of record on Friday, February 24th were issued a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Thursday, February 23rd. Huntington Ingalls Industries’s payout ratio is presently 34.33%.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).