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

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average rating of “Reduce” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $228.89.

A number of analysts have commented on HII shares. Bank of America reduced their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Vertical Research cut shares of 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. The Goldman Sachs Group lowered their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, 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.

Huntington Ingalls Industries Stock Performance

HII opened at $188.41 on Tuesday. 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 $7.37 billion, a price-to-earnings ratio of 10.64, a PEG ratio of 1.86 and a beta of 0.55. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $204.24 and its 200 day moving average is $241.28.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm earned $3.70 EPS. The company’s revenue was down 2.4% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $1.35 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.87%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction that occurred 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 directly owns 19,627 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Large investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth $29,000. Rothschild Investment LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at about $37,000. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the third quarter worth about $40,000. Truvestments Capital LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth approximately $42,000. Finally, UMB Bank n.a. raised its position in Huntington Ingalls Industries by 78.3% during 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 period. Institutional investors own 90.46% of the company’s stock.

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.