Huntington Ingalls Industries (NYSE:HII) Hits New 12-Month High – Time to Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $449.03 and last traded at $446.8540, with a volume of 392019 shares. The stock had previously closed at $438.01.

Analyst Ratings Changes

HII has been the topic of a number of recent analyst reports. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their target price for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. JPMorgan Chase & Co. boosted their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Citigroup increased their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Stock Up 2.0%

The business’s fifty day moving average is $393.83 and its two-hundred day moving average is $327.53. The stock has a market cap of $17.53 billion, a price-to-earnings ratio of 29.07, a PEG ratio of 1.79 and a beta of 0.34. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The company had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.15 EPS. Equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently made changes to their positions in HII. CYBER HORNET ETFs LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter worth approximately $25,000. Rakuten Securities Inc. grew its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares in the last quarter. SouthState Corp increased its position in shares of Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Anchor Investment Management LLC raised its holdings in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.