Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Recommendation of “Hold” by Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given a consensus rating of “Hold” by the nine brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $318.5714.

Several analysts have recently commented on HII shares. Bank of America increased their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Barclays increased their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. JPMorgan Chase & Co. upped their target price on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the transaction, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Large investors have recently bought and sold shares of the business. Advisory Services Network LLC bought a new position in Huntington Ingalls Industries in the third quarter valued at approximately $206,000. Harvest Investment Services LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $264,000. Kestra Private Wealth Services LLC lifted its stake in shares of Huntington Ingalls Industries by 4.5% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 1,438 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 62 shares during the period. NewEdge Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 2.5% in the 3rd quarter. NewEdge Advisors LLC now owns 7,654 shares of the aerospace company’s stock worth $2,204,000 after purchasing an additional 186 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth $741,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $308.35 on Friday. Huntington Ingalls Industries has a 1-year low of $158.88 and a 1-year high of $330.00. The company has a 50 day moving average of $291.96 and a 200-day moving average of $263.66. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The firm has a market cap of $12.10 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.71 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period in the prior year, the company earned $2.56 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 16.1% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, equities analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a $1.38 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Huntington Ingalls Industries’s payout ratio is 38.12%.

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.