Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) PT at $228.89

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

A number of research analysts have issued reports on the stock. 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. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Barclays lowered their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its holdings in shares of Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after purchasing an additional 40,942 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in Huntington Ingalls Industries by 32.8% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 160,008 shares of the aerospace company’s stock valued at $39,415,000 after buying an additional 39,530 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Huntington Ingalls Industries by 8.8% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 5,889 shares of the aerospace company’s stock valued at $1,451,000 after buying an additional 476 shares during the last quarter. 1834 Investment Advisors Co. bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at $483,000. Finally, HB Wealth Management LLC boosted its stake in shares of Huntington Ingalls Industries by 40.4% in the 2nd quarter. HB Wealth Management LLC now owns 1,151 shares of the aerospace company’s stock worth $284,000 after buying an additional 331 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $188.41 on Tuesday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.37 billion, a PE ratio of 10.64, a PEG ratio of 1.86 and a beta of 0.55. The company’s fifty day moving average is $204.24 and its 200 day moving average is $241.28. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50.

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

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were issued a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.87%. Huntington Ingalls Industries’s dividend payout ratio is presently 30.49%.

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.