Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Has Consensus Price Target of $367.12 According to Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average rating of “Moderate Buy” by the ten brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $367.12.

HII has been the topic of several research reports. Sanford C. Bernstein lowered their target price on Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 23rd. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target for the company in a research note on Friday, July 31st. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Citigroup boosted their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Finally, Wells Fargo & Company upped their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th.

Huntington Ingalls Industries Stock Down 1.4%

Huntington Ingalls Industries stock opened at $260.08 on Monday. The firm has a 50 day moving average price of $292.72 and a 200-day moving average price of $314.76. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries has a twelve month low of $256.79 and a twelve month high of $460.00. The company has a market capitalization of $10.25 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.99 and a beta of 0.21.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm posted $3.86 EPS. Huntington Ingalls Industries’s revenue was up 10.9% on a year-over-year basis. As a group, equities analysts predict that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Stockholders of record on Friday, August 28th were given a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Huntington Ingalls Industries’s payout ratio is 32.90%.

Insider Activity at Huntington Ingalls Industries

In related news, CEO Christopher Kastner sold 13,070 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Bayban purchased a new stake in shares of Huntington Ingalls Industries during the first quarter worth $27,000. Cassaday & Co Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at $36,000. Eastern Bank purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at $26,000. Motiv8 Investments LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $38,000. Finally, MV Capital Management Inc. bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $44,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.