Huntington Ingalls Industries Receives Average Recommendation of “Hold” from Analysts (NYSE:HII)
Huntington Ingalls Industries (NYSE:HII) has received an average rating of “Hold” from the eight ratings firms that are currently covering the stock, AnalystRatingsNetwork reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $112.50.
Huntington Ingalls Industries (NYSE:HII) traded up 2.54% on Monday, hitting $97.27. The stock had a trading volume of 89,697 shares. Huntington Ingalls Industries has a 52 week low of $62.96 and a 52 week high of $106.59. The stock’s 50-day moving average is $92.93 and its 200-day moving average is $97.79. The company has a market cap of $4.724 billion and a P/E ratio of 13.52.
Huntington Ingalls Industries (NYSE:HII) last announced its 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. On average, analysts predict that Huntington Ingalls Industries will post $7.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders 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 0.84%. The ex-dividend date is Wednesday, August 27th.
HII has been the subject of a number of recent research reports. Analysts at Barclays cut their price target on shares of Huntington Ingalls Industries from $106.00 to $101.00 in a research note on Monday. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Huntington Ingalls Industries in a research note on Friday. They now have a $106.00 price target on the stock, down previously from $108.00. Finally, 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.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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