Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $384.13 Consensus Target Price from Brokerages

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus rating of “Moderate Buy” from the eleven brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $384.1250.

A number of brokerages have commented on HII. The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Citigroup increased their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares in the company, valued at approximately $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares in the company, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Several large investors have recently made changes to their positions in the stock. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the period. Anchor Investment Management LLC boosted its position in Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the period. NBC Securities Inc. grew its holdings in Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 2.4%

Shares of NYSE:HII opened at $408.31 on Thursday. The firm has a fifty day moving average of $421.13 and a two-hundred day moving average of $347.02. 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 has a 12-month low of $177.42 and a 12-month high of $460.00. The firm has a market capitalization of $16.02 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.32.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the prior year, the business posted $3.15 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, equities analysts expect 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, March 13th. Stockholders of record on Friday, February 27th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, February 27th. This represents a $5.52 annualized dividend and a dividend yield of 1.4%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

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.