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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $236.38.

Several analysts have weighed in on HII shares. The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. Finally, Barclays boosted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 1,965 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the transaction, the vice president now directly owns 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm’s stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the transaction, the vice president now owns 9,581 shares of the company’s stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 503.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after buying an additional 131 shares during the last quarter. HM Payson & Co. boosted its position in shares of Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares during the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at $31,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at $36,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Trading Down 1.6%

Shares of HII opened at $228.95 on Tuesday. The business’s 50-day moving average price is $224.14 and its 200-day moving average price is $202.12. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $285.81. The stock has a market cap of $8.98 billion, a PE ratio of 16.40, a P/E/G ratio of 1.15 and a beta of 0.29. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS 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 analyst estimates of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Huntington Ingalls Industries’s revenue was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.87 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.36%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.90%.

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.