Huntington Ingalls Industries Given “Hold” Rating at JPMorgan Chase & Co. (HII)
Huntington Ingalls Industries (NYSE:HII)‘s stock had its “hold” rating reiterated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, AnalystRatingsNetwork reports. They currently have a $113.00 price target on the stock, up from their previous price target of $108.00. JPMorgan Chase & Co.’s price target suggests a potential upside of 12.74% from the stock’s previous close.
HII has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $109.30 price target on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Huntington Ingalls Industries from $121.00 to $141.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Huntington Ingalls Industries from $112.00 to $115.00 in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $110.81.
Huntington Ingalls Industries (NYSE:HII) opened at 100.04 on Friday. Huntington Ingalls Industries has a 52 week low of $52.41 and a 52 week high of $106.59. The stock has a 50-day moving average of $101.4 and a 200-day moving average of $91.75. The company has a market cap of $4.922 billion and a P/E ratio of 16.39.
Huntington Ingalls Industries (NYSE:HII) last released its earnings data on Thursday, May 8th. The company reported $1.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.63 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.61 billion. During the same quarter in the prior year, the company posted $1.17 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post $7.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, May 28th.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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