Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Consensus Rating of “Hold” from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, Marketbeat reports. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $388.50.

Several equities research analysts have commented on the company. Citigroup dropped their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Finally, Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $297.19 on Tuesday. The firm has a market capitalization of $11.71 billion, a PE ratio of 19.34, a P/E/G ratio of 1.30 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business has a 50-day moving average of $360.93 and a two-hundred day moving average of $372.39. Huntington Ingalls Industries has a 12 month low of $215.04 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.79 earnings per share. As a group, research analysts forecast that Huntington Ingalls Industries will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 12th. Stockholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president directly owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 9,600 shares of company stock valued at $3,714,158 over the last quarter. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its holdings in 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 valued at $675,572,000 after purchasing an additional 1,981,424 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 5.3% in the fourth 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 last quarter. AQR Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company’s stock valued at $332,717,000 after purchasing an additional 11,743 shares during the last quarter. 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.