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

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned an average rating of “Reduce” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $228.89.

Several brokerages recently commented on HII. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Bank of America reduced their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Barclays dropped their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Finally, TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Rothschild Investment LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at $37,000. Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $40,000. Truvestments Capital LLC bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth $42,000. Finally, UMB Bank n.a. increased its holdings in Huntington Ingalls Industries by 78.3% in the second quarter. UMB Bank n.a. now owns 189 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 83 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Trading Down 0.3 %

Shares of Huntington Ingalls Industries stock opened at $191.83 on Tuesday. The business has a fifty day simple moving average of $205.66 and a 200-day simple moving average of $241.71. Huntington Ingalls Industries has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The firm has a market cap of $7.51 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the company earned $3.70 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries will post 14.01 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

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.