Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $241.88

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $233.13.

HII has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft dropped their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st.

Huntington Ingalls Industries Trading Up 5.2 %

Shares of HII stock opened at $203.21 on Monday. The firm has a market capitalization of $7.95 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a fifty day moving average of $257.23 and a two-hundred day moving average of $257.67.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $3.70 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.66%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.36%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the period. AQR Capital Management LLC boosted its position in shares of Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after acquiring an additional 215,362 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth $47,698,000. American Century Companies Inc. increased its position in Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after acquiring an additional 140,338 shares during the period. Finally, Sound Shore Management Inc. CT increased its position in Huntington Ingalls Industries by 50.7% during the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after acquiring an additional 116,180 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs 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.