Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Rating of “Hold” by Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned an average rating of “Hold” from the nine brokerages that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $236.38.

A number of research firms have commented on HII. Barclays lifted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price objective for the company in a report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd.

Huntington Ingalls Industries Stock Down 0.1%

Huntington Ingalls Industries stock opened at $234.07 on Tuesday. Huntington Ingalls Industries has a 12 month low of $158.88 and a 12 month high of $285.81. The stock has a fifty day simple moving average of $226.51 and a two-hundred day simple moving average of $203.19. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The firm has a market cap of $9.18 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.49 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the company earned $3.87 EPS. Huntington Ingalls Industries’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.31%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the sale, the vice president now directly owns 21,228 shares in the company, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the business’s stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the sale, the vice president now owns 9,581 shares in the company, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock valued at $1,207,207 over the last 90 days. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Large investors have recently made changes to their positions in the company. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at $31,000. HM Payson & Co. grew its holdings in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 64 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new stake in Huntington Ingalls Industries during the fourth quarter valued at $36,000. 90.46% of the stock is owned by 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.