Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Rating of “Moderate Buy” by Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $370.3750.

Several research firms recently weighed in on HII. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $300.00 to $400.00 in a research note on Thursday, February 12th. Citigroup upped their target price on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. Finally, The Goldman Sachs Group raised their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th.

Huntington Ingalls Industries Stock Performance

HII opened at $437.63 on Friday. The business’s 50-day simple moving average is $389.25 and its 200 day simple moving average is $324.63. Huntington Ingalls Industries has a 52-week low of $167.70 and a 52-week high of $447.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The firm has a market capitalization of $17.17 billion, a PE ratio of 28.47, a PEG ratio of 1.78 and a beta of 0.34.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president directly owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. The trade was a 3.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $25,000. Rakuten Securities Inc. grew its stake in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Versant Capital Management Inc raised its holdings in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Finally, Motiv8 Investments LLC acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth approximately $38,000. Institutional investors and hedge funds 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.