Shares of Huntington Ingalls Industries Inc (NYSE:HII) have earned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $222.57.

A number of brokerages have recently issued reports on HII. Credit Suisse Group reiterated a “neutral” rating and issued a $241.00 price target (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a report on Friday, November 10th. Citigroup reiterated a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Cowen reiterated a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Finally, ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st.

In other Huntington Ingalls Industries news, Director Philip M. Bilden acquired 2,200 shares of the stock in a transaction that occurred on Friday, November 24th. The shares were purchased at an average cost of $234.11 per share, with a total value of $515,042.00. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $240.33, for a total transaction of $192,264.00. Following the completion of the sale, the vice president now directly owns 19,065 shares in the company, valued at $4,581,891.45. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at about $281,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Huntington Ingalls Industries by 2.7% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,599 shares of the aerospace company’s stock worth $27,477,000 after purchasing an additional 3,925 shares during the last quarter. Swiss National Bank boosted its stake in shares of Huntington Ingalls Industries by 2.1% during the 2nd quarter. Swiss National Bank now owns 167,700 shares of the aerospace company’s stock worth $31,219,000 after purchasing an additional 3,400 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Huntington Ingalls Industries by 4.5% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 71,437 shares of the aerospace company’s stock worth $13,299,000 after purchasing an additional 3,078 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Huntington Ingalls Industries by 6.9% during the 2nd quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock worth $136,423,000 after purchasing an additional 47,379 shares during the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Huntington Ingalls Industries (HII) traded down $1.21 on Thursday, hitting $233.88. 210,544 shares of the stock were exchanged, compared to its average volume of 327,078. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.52 and a quick ratio of 1.38. The stock has a market cap of $10,650.00, a P/E ratio of 19.43, a PEG ratio of 1.30 and a beta of 1.17. Huntington Ingalls Industries has a 1-year low of $175.26 and a 1-year high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.78 by $0.49. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.27 EPS. equities analysts forecast that Huntington Ingalls Industries will post 12.01 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.23%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Wednesday, November 22nd. Huntington Ingalls Industries’s dividend payout ratio is presently 21.69%.

Huntington Ingalls Industries announced that its Board of Directors has approved a share buyback plan on Tuesday, November 7th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the aerospace company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its shares are undervalued.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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