Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $251.10 Average PT from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $251.22.

A number of equities analysts recently weighed in on HII shares. StockNews.com began coverage on shares of Huntington Ingalls Industries in a report on Thursday. They set a “buy” rating on the stock. Barclays upgraded shares of Huntington Ingalls Industries from an “equal weight” rating to an “overweight” rating and set a $270.00 price objective on the stock in a report on Thursday, December 8th. Sanford C. Bernstein decreased their price objective on shares of Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating on the stock in a report on Monday, February 13th. Credit Suisse Group decreased their price objective on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, February 10th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $171.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, December 15th.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $199.37 on Friday. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 13.80 and a beta of 0.64. Huntington Ingalls Industries has a 1-year low of $191.49 and a 1-year high of $260.02. The company’s fifty day simple moving average is $217.90 and its 200 day simple moving average is $228.15. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.72.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last issued its earnings results on Thursday, February 9th. The aerospace company reported $3.07 earnings per share for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.70 billion. Huntington Ingalls Industries had a return on equity of 18.81% and a net margin of 5.42%. Huntington Ingalls Industries’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 earnings per share. On average, research analysts forecast that Huntington Ingalls Industries will post 14.52 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 10th. Stockholders of record on Friday, February 24th were given a $1.24 dividend. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $4.96 dividend on an annualized basis and a dividend yield of 2.49%. Huntington Ingalls Industries’s payout ratio is presently 34.33%.

Insider Activity

In related news, Director Anastasi D. Kelly sold 3,662 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total transaction of $814,465.42. Following the completion of the sale, the director now owns 351 shares of the company’s stock, valued at $78,065.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Anastasi D. Kelly sold 3,662 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $222.41, for a total transaction of $814,465.42. Following the completion of the sale, the director now owns 351 shares of the company’s stock, valued at $78,065.91. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Edgar A. Green III sold 1,717 shares of the company’s stock in a transaction dated Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total transaction of $369,086.32. Following the sale, the vice president now directly owns 5,982 shares of the company’s stock, valued at approximately $1,285,890.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,924 shares of company stock valued at $1,522,231. 2.16% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently bought and sold shares of HII. HighTower Advisors LLC lifted its position in Huntington Ingalls Industries by 1.2% during the first quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock worth $1,403,000 after purchasing an additional 87 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Huntington Ingalls Industries by 27.5% in the first quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock worth $293,000 after acquiring an additional 316 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Huntington Ingalls Industries in the first quarter worth about $60,000. MetLife Investment Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 23.0% in the first quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock worth $2,171,000 after acquiring an additional 2,035 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Huntington Ingalls Industries by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock worth $1,069,000 after acquiring an additional 332 shares during the last quarter. Institutional investors own 86.63% of the company’s stock.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).