Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $368.88 Consensus Target Price from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average recommendation of “Moderate Buy” by the ten analysts that are covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $368.8750.

HII has been the subject of several research reports. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. Wells Fargo & Company boosted their price objective on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Finally, Sanford C. Bernstein set a $341.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th.

Huntington Ingalls Industries Trading Down 0.8%

Shares of NYSE:HII opened at $279.36 on Thursday. The stock has a market capitalization of $11.01 billion, a PE ratio of 16.65, a P/E/G ratio of 1.05 and a beta of 0.23. The firm has a fifty day moving average price of $297.38 and a 200 day moving average price of $335.75. Huntington Ingalls Industries has a 1 year low of $263.62 and a 1 year high of $460.00. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The company had revenue of $3.42 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.86 EPS. Analysts expect that Huntington Ingalls Industries will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 28th. This represents a $5.52 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio is presently 32.90%.

Insider Activity

In other news, CEO Christopher Kastner sold 13,070 shares of the company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 Investors Weigh In On Huntington Ingalls Industries

Several hedge funds have recently bought and sold shares of the company. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $25,000. Rakuten Securities Inc. grew its position in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the period. Bayban bought a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $27,000. Smartleaf Asset Management LLC raised its holdings in Huntington Ingalls Industries by 363.3% during 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 period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $36,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.