Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Consensus Rating of “Hold” from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $381.50.

A number of analysts recently weighed in on HII shares. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company initiated coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price on the stock. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, TD Cowen dropped their price objective on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th.

Huntington Ingalls Industries Trading Down 0.3%

Shares of NYSE HII opened at $290.70 on Friday. Huntington Ingalls Industries has a twelve month low of $246.34 and a twelve month high of $460.00. The firm has a market cap of $11.45 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. The business has a fifty day simple moving average of $310.56 and a two-hundred day simple moving average of $367.87. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.79 EPS. Analysts expect that Huntington Ingalls Industries will post 17.32 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries in the second quarter worth about $25,000. Rakuten Securities Inc. lifted its position in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. Bayban bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at about $27,000. NBC Securities Inc. boosted its holdings in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after buying an additional 41 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after buying an additional 109 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.