Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $221.22 Average Target Price from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has received a consensus rating of “Reduce” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $221.22.

A number of analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a research report on Monday, February 10th. Barclays lowered their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th.

Huntington Ingalls Industries Stock Performance

HII stock opened at $184.81 on Thursday. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $287.56. The company has a market cap of $7.25 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business’s fifty day moving average is $187.92 and its 200-day moving average is $206.42.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. Equities research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Insider Activity at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction dated Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now directly owns 2,884 shares in the company, valued at $546,691.04. This represents a 20.64 % decrease in their position. The disclosure for this sale can be found here. 0.72% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its position in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 131 shares during the period. Raiffeisen Bank International AG purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth $36,000. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Bruce G. Allen Investments LLC increased its position in Huntington Ingalls Industries by 43.4% during the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares in the last quarter. Finally, Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth about $70,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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.