Credit Suisse Reiterates Neutral Rating for Huntington Ingalls Industries (HII)
Huntington Ingalls Industries (NYSE:HII)‘s stock had its “neutral” rating restated by stock analysts at Credit Suisse in a report issued on Friday. They currently have a $106.00 target price on the stock, down from their previous target price of $108.00. Credit Suisse’s target price indicates a potential upside of 13.78% from the company’s current price.
Shares of Huntington Ingalls Industries (NYSE:HII) traded up 1.81% on Friday, hitting $94.85. 327,793 shares of the company’s stock traded hands. Huntington Ingalls Industries has a 52 week low of $62.90 and a 52 week high of $106.59. The stock’s 50-day moving average is $93.00 and its 200-day moving average is $97.81. The company has a market cap of $4.658 billion and a price-to-earnings ratio of 15.23.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.81 by $0.23. The company had revenue of $1.72 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter last year, the company posted $1.12 earnings per share. Huntington Ingalls Industries’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries will post $7.58 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Investors of record on Friday, August 29th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, August 27th.
Separately, analysts at Bank of America downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $106.00 price target on the stock, up previously from $102.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $113.13.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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