Huntington Ingalls Industries (NYSE:HII) Given New $235.00 Price Target at Barclays

Huntington Ingalls Industries (NYSE:HII) had its price objective raised by Barclays from $200.00 to $235.00 in a report released on Monday,Benzinga reports. Barclays currently has an equal weight rating on the aerospace company’s stock.

Separately, The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $238.44.

Huntington Ingalls Industries Stock Performance

HII opened at $233.15 on Monday. The company has a market capitalization of $9.15 billion, a price-to-earnings ratio of 16.70, a P/E/G ratio of 1.15 and a beta of 0.34. The business’s 50-day moving average price is $205.01 and its two-hundred day moving average price is $199.04. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $285.81. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $3.87 EPS. Equities analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.32%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 38.68%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein purchased 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in Huntington Ingalls Industries by 54.1% in the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock valued at $36,221,000 after purchasing an additional 48,113 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Huntington Ingalls Industries during the third quarter worth $153,000. Tidal Investments LLC increased its holdings in shares of Huntington Ingalls Industries by 17.8% during the third quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock worth $539,000 after buying an additional 308 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 7.4% in the 3rd quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock valued at $36,812,000 after acquiring an additional 9,634 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Huntington Ingalls Industries by 73.5% during the 4th quarter. GAMMA Investing LLC now owns 654 shares of the aerospace company’s stock valued at $124,000 after acquiring an additional 277 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.