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

Several research firms recently weighed in on HII. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price for the company in a research note on Friday, November 10th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Citigroup reaffirmed a “neutral” rating and set a $233.00 target price (up from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen reaffirmed a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st.

Shares of Huntington Ingalls Industries (NYSE:HII) traded up $2.29 during midday trading on Monday, hitting $236.04. 353,032 shares of the stock were exchanged, compared to its average volume of 2,346,380. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10,579.82, a PE ratio of 17.83, a PEG ratio of 1.31 and a beta of 1.18. Huntington Ingalls Industries has a 1 year low of $183.42 and a 1 year high of $253.44.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.27 earnings per share. sell-side analysts expect that Huntington Ingalls Industries will post 12.09 earnings per share for the current fiscal year.

Huntington Ingalls Industries declared that its board has authorized a stock buyback plan on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now directly owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip M. Bilden acquired 2,200 shares of the company’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. Company insiders own 2.22% of the company’s stock.

Several large investors have recently modified their holdings of the business. Aurora Investment Counsel bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $540,000. Atlantic Trust Group LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $19,490,000. Parametric Portfolio Associates LLC lifted its holdings in shares of Huntington Ingalls Industries by 5.1% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 166,885 shares of the aerospace company’s stock worth $37,789,000 after acquiring an additional 8,139 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $1,947,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Huntington Ingalls Industries by 56.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 30,983 shares of the aerospace company’s stock worth $7,016,000 after acquiring an additional 11,229 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

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Huntington Ingalls Industries Company Profile

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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