Shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get 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
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:HII – Get 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
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.
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