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

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given a consensus recommendation of “Hold” by the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $245.86.

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Huntington Ingalls Industries in a research note on Thursday, August 17th. They issued a “buy” rating for the company. JPMorgan Chase & Co. upped their price objective on Huntington Ingalls Industries from $238.00 to $250.00 in a research note on Monday, July 10th.

Huntington Ingalls Industries Stock Up 0.2 %

Huntington Ingalls Industries stock opened at $220.86 on Friday. The stock has a market cap of $8.81 billion, a PE ratio of 16.98 and a beta of 0.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90 and a current ratio of 0.96. Huntington Ingalls Industries has a one year low of $188.51 and a one year high of $260.02. The stock has a fifty day moving average of $225.96 and a 200 day moving average of $214.46.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.14 by $0.13. Huntington Ingalls Industries had a return on equity of 15.13% and a net margin of 4.77%. The business had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.67 billion. During the same quarter in the previous year, the company posted $4.44 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 4.7% on a year-over-year basis. As a group, sell-side analysts predict that Huntington Ingalls Industries will post 14.48 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 25th will be given a dividend of $1.24 per share. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $4.96 dividend on an annualized basis and a yield of 2.25%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 500 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $227.19, for a total value of $113,595.00. Following the sale, the vice president now directly owns 20,320 shares in the company, valued at $4,616,500.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Stonebridge Capital Advisors LLC increased its holdings in Huntington Ingalls Industries by 1.5% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 29,945 shares of the aerospace company’s stock worth $6,816,000 after purchasing an additional 428 shares during the period. Comerica Bank purchased a new position in Huntington Ingalls Industries during the 2nd quarter worth $96,880,000. Osaic Holdings Inc. increased its holdings in Huntington Ingalls Industries by 5.7% during the 2nd quarter. Osaic Holdings Inc. now owns 8,659 shares of the aerospace company’s stock worth $1,973,000 after purchasing an additional 468 shares during the period. Imprint Wealth LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter worth $1,092,000. Finally, Sunbelt Securities Inc. increased its holdings in Huntington Ingalls Industries by 219.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 830 shares of the aerospace company’s stock worth $189,000 after purchasing an additional 570 shares during the period. 89.18% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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