Huntington Ingalls Industries, Inc. (NYSE:HII) Given Consensus Recommendation of “Hold” by Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has received an average recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $384.1250.

HII has been the topic of a number of recent analyst reports. Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. The Goldman Sachs Group boosted their price objective on shares of 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, Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $427.62 on Thursday. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market cap of $16.78 billion, a P/E ratio of 27.82, a P/E/G ratio of 1.73 and a beta of 0.32. Huntington Ingalls Industries has a 1-year low of $177.42 and a 1-year high of $460.00. The firm has a 50-day moving average of $419.92 and a 200-day moving average of $345.02.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.15 EPS. Sell-side analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.38 per share. The ex-dividend date was Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. This represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.72% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP bought a new stake in Huntington Ingalls Industries during the second quarter worth about $1,604,000. Primoris Wealth Advisors LLC bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $2,260,000. CWA Asset Management Group LLC lifted its holdings in shares of Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after purchasing an additional 8,384 shares during the last quarter. SS&H Financial Advisors Inc. lifted its holdings in shares of Huntington Ingalls Industries by 76.7% during the third quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after purchasing an additional 3,525 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of Huntington Ingalls Industries by 31.2% in the 3rd quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after purchasing an additional 2,990 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

About Huntington Ingalls Industries

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.