Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Average Recommendation of “Hold” from Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned a consensus recommendation of “Hold” from the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $318.5714.

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. Bank of America upped their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. TD Cowen boosted their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Finally, Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th.

Insider Activity

In related news, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. This trade represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 17,103 shares of company stock valued at $5,477,768 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of the business. AQR Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 509.2% during the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after acquiring an additional 490,587 shares during the last quarter. Maverick Capital Ltd. purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $93,332,000. Sound Shore Management Inc CT bought a new position in Huntington Ingalls Industries during the second quarter valued at approximately $80,047,000. Jacobs Levy Equity Management Inc. boosted its holdings in Huntington Ingalls Industries by 94.0% in the first quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock worth $83,311,000 after purchasing an additional 197,825 shares during the last quarter. Finally, Orion Porfolio Solutions LLC boosted its holdings in Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after purchasing an additional 190,434 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $315.72 on Tuesday. Huntington Ingalls Industries has a 12 month low of $158.88 and a 12 month high of $330.00. The firm has a market capitalization of $12.39 billion, a P/E ratio of 21.80, a P/E/G ratio of 1.58 and a beta of 0.37. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The business has a fifty day simple moving average of $301.93 and a two-hundred day simple moving average of $271.72.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the business earned $2.56 EPS. Huntington Ingalls Industries’s quarterly revenue was up 16.1% compared to the same quarter last year. On average, equities analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 12th. Shareholders of record on Friday, November 28th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, November 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.12%.

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.