Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $228.89 Consensus Target Price from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received a consensus recommendation of “Reduce” from the ten research firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $228.89.

Several equities research analysts have recently weighed in on HII shares. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $280.00 to $285.00 in a research report on Monday, September 9th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th.

Huntington Ingalls Industries Stock Down 0.1 %

HII opened at $197.92 on Friday. The company has a 50 day moving average of $231.51 and a 200 day moving average of $249.72. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a market cap of $7.74 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm posted $3.70 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, sell-side analysts expect that Huntington Ingalls Industries will post 14.51 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.36%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HII. FMR LLC grew its position in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after buying an additional 187,411 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after acquiring an additional 863,800 shares in the last quarter. Geode Capital Management LLC increased its position in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after purchasing an additional 5,036 shares during the period. AQR Capital Management LLC raised its holdings in Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after purchasing an additional 11,693 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.