Huntington Ingalls Industries (NYSE:HII) Stock Gets Price Target Cut from Sanford C. Bernstein

Huntington Ingalls Industries (NYSE:HII) had its price target trimmed by Sanford C. Bernstein from $327.00 to $304.00 in a report issued on Wednesday morning,Benzinga reports. They currently have a market perform rating on the aerospace company’s stock.

A number of other equities analysts also recently commented on HII. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a report on Friday, July 31st. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Citigroup increased their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company raised their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and a consensus price target of $361.75.

Huntington Ingalls Industries Trading Up 1.7%

Shares of HII opened at $271.76 on Wednesday. Huntington Ingalls Industries has a 12-month low of $255.35 and a 12-month high of $460.00. The firm has a market capitalization of $10.71 billion, a price-to-earnings ratio of 16.20, a P/E/G ratio of 1.01 and a beta of 0.21. The stock’s 50-day moving average price is $284.61 and its 200 day moving average price is $308.90. 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 (NYSE:HII) last released 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 business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%. Huntington Ingalls Industries’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business posted $3.86 earnings per share. As a group, research analysts predict that Huntington Ingalls Industries will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

Insider Activity

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 large investors have recently made changes to their positions in HII. Personal CFO Solutions LLC grew its stake in Huntington Ingalls Industries by 3.7% during the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock worth $294,000 after buying an additional 28 shares during the last quarter. Whittier Trust Co. grew its position in Huntington Ingalls Industries by 2.5% during the 1st quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock worth $625,000 after acquiring an additional 38 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Huntington Ingalls Industries by 3.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,523 shares of the aerospace company’s stock worth $579,000 after acquiring an additional 44 shares during the last quarter. Empirical Finance LLC increased its holdings in Huntington Ingalls Industries by 3.3% during the 2nd quarter. Empirical Finance LLC now owns 1,480 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 47 shares in the last quarter. Finally, Anchor Investment Management LLC increased its holdings in Huntington Ingalls Industries by 44.0% during the 4th quarter. Anchor Investment Management LLC now owns 180 shares of the aerospace company’s stock valued at $61,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

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.