Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $374.00

Shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Free Report) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $374.00.

HII has been the subject of several analyst reports. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Citigroup cut their target price on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 1st. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company.

Get Our Latest Stock Analysis on HII

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of HII. M&T Bank Corp lifted its position in shares of Huntington Ingalls Industries by 205.8% during the 4th quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after purchasing an additional 26,940 shares during the last quarter. Chase Investment Counsel Corp acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at approximately $4,634,000. Builder Investment Group Inc. ADV acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at approximately $6,815,000. Goldman Sachs Group Inc. grew its holdings in Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock valued at $124,384,000 after buying an additional 152,624 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Huntington Ingalls Industries by 640.5% in the 4th quarter. SG Americas Securities LLC now owns 37,588 shares of the aerospace company’s stock worth $12,783,000 after buying an additional 32,512 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $287.55 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $11.33 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. The company has a 50 day moving average price of $292.90 and a two-hundred day moving average price of $361.48. Huntington Ingalls Industries has a 12-month low of $256.45 and a 12-month high of $460.00.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm posted $3.79 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s payout ratio is 35.91%.

About Huntington Ingalls Industries

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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.

Further Reading

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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