Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $465.00

Huntington Ingalls Industries (NYSE:HII) had its price target raised by Citigroup from $450.00 to $465.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the aerospace company’s stock.

HII has been the topic of several other research reports. TD Cowen raised their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $370.38.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $406.55 on Tuesday. The company has a market cap of $15.95 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 1.65 and a beta of 0.34. The business’s fifty day simple moving average is $376.30 and its two-hundred day simple moving average is $317.55. Huntington Ingalls Industries has a 12 month low of $159.41 and a 12 month high of $436.14. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The business had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries’s revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.15 EPS. Research analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the sale, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. This represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 787 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the sale, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently bought and sold shares of HII. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after acquiring an additional 1,981,424 shares during the period. Geode Capital Management LLC raised its stake in Huntington Ingalls Industries by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock valued at $379,098,000 after purchasing an additional 56,618 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Huntington Ingalls Industries by 1.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock worth $332,717,000 after purchasing an additional 11,743 shares in the last quarter. Earnest Partners LLC boosted its stake in Huntington Ingalls Industries by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock worth $259,447,000 after purchasing an additional 6,046 shares during the period. Finally, First Trust Advisors LP boosted its stake in Huntington Ingalls Industries by 12.9% in the 3rd quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock worth $192,977,000 after purchasing an additional 76,512 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.