Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $221.22

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus rating of “Reduce” from the ten research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $221.22.

HII has been the topic of several analyst reports. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday, November 1st. The Goldman Sachs Group reduced their price target on Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday, February 10th. Bank of America lowered their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. Finally, Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Up 0.4 %

Shares of Huntington Ingalls Industries stock opened at $161.50 on Wednesday. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $299.50. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average price of $190.18 and a 200 day moving average price of $225.10.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Equities research analysts forecast that Huntington Ingalls Industries will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.34%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insider Activity

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, with a total value of $349,418.40. Following the acquisition, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in HII. Vanguard Group Inc. grew its position in shares of Huntington Ingalls Industries by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock worth $950,391,000 after acquiring an additional 14,988 shares during the last quarter. FMR LLC boosted its stake in Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the period. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after purchasing an additional 863,800 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after purchasing an additional 29,670 shares during the period. Finally, Earnest Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 32.6% during the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock valued at $157,216,000 after buying an additional 204,376 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

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.