Huntington Ingalls Industries Given Consensus Rating of “Hold” by Brokerages (NYSE:HII)
Huntington Ingalls Industries (NYSE:HII) has been given a consensus rating of “Hold” by the eight analysts that are covering the company, ARN reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $112.50.
Huntington Ingalls Industries (NYSE:HII) opened at 100.20 on Monday. Huntington Ingalls Industries has a 52 week low of $63.22 and a 52 week high of $106.59. The stock’s 50-day moving average is $93.2 and its 200-day moving average is $97.84. The company has a market cap of $4.866 billion and a P/E ratio of 14.14.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.04 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 2.1% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post $7.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 12th. Stockholders 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 0.81%. The ex-dividend date is Wednesday, August 27th.
A number of research firms have recently commented on HII. 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. They now have an “underweight” rating on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of Huntington Ingalls Industries in a research note on Friday, August 8th. They now have a $106.00 price target on the stock, down previously from $108.00.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.
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