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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned an average rating of “Reduce” from the ten ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $228.89.

Several research firms have recently commented on HII. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Barclays reduced their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $190.42 on Tuesday. The stock has a market capitalization of $7.45 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.86 and a beta of 0.55. The firm’s fifty day simple moving average is $204.24 and its 200-day simple moving average is $241.29. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.70 earnings per share. As a group, equities analysts forecast that Huntington Ingalls Industries will post 14.01 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.84%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after buying an additional 187,411 shares during the last quarter. Van ECK Associates Corp increased its position in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after acquiring an additional 5,036 shares in the last quarter. AQR Capital Management LLC boosted its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares during the period. Finally, Earnest Partners LLC lifted its position in Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after acquiring an additional 11,693 shares in 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, 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.