Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $231.11

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $231.11.

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. The Goldman Sachs Group raised shares of Huntington Ingalls Industries from a “sell” rating to a “buy” rating and boosted their target price for the company from $145.00 to $234.00 in a report on Friday, April 11th.

Insider Buying and Selling

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at $546,691.04. The trade was a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Sentry Investment Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth $26,000. HM Payson & Co. grew its holdings in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 64 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 131 shares during the period. Raiffeisen Bank International AG bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $36,000. Finally, Wingate Wealth Advisors Inc. bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $48,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.0 %

Huntington Ingalls Industries stock opened at $230.44 on Monday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries has a 12-month low of $158.88 and a 12-month high of $285.81. The firm’s fifty day moving average is $201.54 and its 200 day moving average is $200.52. The company has a market capitalization of $9.04 billion, a PE ratio of 16.51, a PEG ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, sell-side analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.34%. Huntington Ingalls Industries’s payout ratio is 38.68%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.