Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Average Recommendation of “Hold” from Brokerages

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received an average recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $388.50.

A number of research analysts recently commented on the company. Citigroup reduced their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a report on Monday, May 18th. Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Wells Fargo & Company began coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective on the stock. Finally, TD Cowen reduced their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the last quarter. Bayban bought a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $27,000. NBC Securities Inc. lifted its holdings in Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 41 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in Huntington Ingalls Industries by 363.3% during the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after buying an additional 109 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $281.28 on Friday. The company has a market capitalization of $11.08 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 1.18 and a beta of 0.23. The firm has a fifty day simple moving average of $320.78 and a 200-day simple moving average of $369.20. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries has a twelve month low of $236.65 and a twelve month high of $460.00.

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

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

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.