Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $221.22 Average Price Target from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received a consensus recommendation of “Reduce” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $221.22.

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Bank of America cut their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Barclays lowered their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Finally, TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st.

Insider Activity

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HII. GAMMA Investing LLC raised its stake in Huntington Ingalls Industries by 17.8% during the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 57 shares during the period. CWM LLC raised its position in shares of Huntington Ingalls Industries by 142.8% during the 3rd 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 during the period. Ritholtz Wealth Management lifted its holdings in Huntington Ingalls Industries by 25.6% in the third quarter. Ritholtz Wealth Management now owns 4,120 shares of the aerospace company’s stock valued at $1,089,000 after acquiring an additional 840 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in Huntington Ingalls Industries in the third quarter worth approximately $102,000. Finally, CX Institutional increased its stake in Huntington Ingalls Industries by 4.6% during the third quarter. CX Institutional now owns 3,182 shares of the aerospace company’s stock worth $841,000 after acquiring an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $169.96 on Wednesday. The firm has a market capitalization of $6.65 billion, a P/E ratio of 12.17, a PEG ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $299.50. The stock has a 50-day simple moving average of $189.12 and a two-hundred day simple moving average of $223.70. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, equities analysts forecast that Huntington Ingalls Industries will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

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.