Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $228.89

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned a consensus rating of “Reduce” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $228.89.

A number of equities research analysts have weighed in on HII shares. Barclays decreased their price objective 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 Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. Bank of America decreased their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th.

Insider Activity

In related news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries 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 transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of HII. Stifel Financial Corp lifted its position in Huntington Ingalls Industries by 36.6% during the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after acquiring an additional 6,253 shares during the last quarter. CWM LLC raised its position in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after buying an additional 3,088 shares in the last quarter. O Keefe Stevens Advisory Inc. raised its position in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock valued at $655,000 after buying an additional 1,339 shares in the last quarter. Old North State Wealth Management LLC raised its position in shares of Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock valued at $3,122,000 after buying an additional 4,450 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock valued at $80,886,000 after buying an additional 95,324 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.6 %

Shares of HII opened at $205.28 on Friday. Huntington Ingalls Industries has a 12-month low of $184.29 and a 12-month high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 11.59, a P/E/G ratio of 1.83 and a beta of 0.56. The stock’s 50-day moving average price is $193.80 and its 200 day moving average price is $234.78.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.70 earnings per share. As a group, research analysts predict that Huntington Ingalls Industries will post 14 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.63%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 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.