Huntington Ingalls Industries (NYSE:HII) Given New $465.00 Price Target at Citigroup

Huntington Ingalls Industries (NYSE:HII) had its price target hoisted by Citigroup from $450.00 to $465.00 in a report issued on Tuesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

Several other research analysts also recently commented on the company. TD Cowen raised their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Five equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $345.50.

Huntington Ingalls Industries Stock Down 1.5%

NYSE HII opened at $399.82 on Tuesday. Huntington Ingalls Industries has a one year low of $159.41 and a one year high of $436.14. The company has a market capitalization of $15.69 billion, a P/E ratio of 26.01, a P/E/G ratio of 1.71 and a beta of 0.34. The stock has a 50 day moving average price of $372.82 and a 200-day moving average price of $316.39. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business earned $3.15 EPS. The company’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the sale, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. This represents a 8.87% decrease in their position. The SEC filing for this sale provides additional information. 0.86% of the stock is currently owned by company insiders.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Korea Investment CORP acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $1,604,000. Primoris Wealth Advisors LLC acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $2,260,000. CWA Asset Management Group LLC increased its stake in Huntington Ingalls Industries by 51.2% during the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after buying an additional 8,384 shares during the period. Markel Group Inc. lifted its holdings in Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock worth $4,950,000 after buying an additional 2,500 shares in the last quarter. Finally, SS&H Financial Advisors Inc. boosted its position in Huntington Ingalls Industries by 76.7% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after buying an additional 3,525 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.