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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $343.6250.

HII has been the subject of a number of analyst reports. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a report on Friday, November 7th. JPMorgan Chase & Co. upped their price objective 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. TD Cowen lifted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th.

Insiders Place Their Bets

In related news, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the sale, the chief accounting officer owned 2,418 shares in the company, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the transaction, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 17,103 shares of company stock valued at $5,477,768. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after acquiring an additional 16,236 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock worth $278,272,000 after buying an additional 54,139 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Huntington Ingalls Industries by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after acquiring an additional 6,046 shares in the last quarter. First Trust Advisors LP raised its stake in Huntington Ingalls Industries by 12.9% in the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after purchasing an additional 76,512 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Huntington Ingalls Industries by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after buying an additional 25,737 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 1.8%

HII opened at $420.34 on Wednesday. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $436.14. The firm has a market capitalization of $16.49 billion, a PE ratio of 29.03, a P/E/G ratio of 1.69 and a beta of 0.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. The company’s 50-day moving average is $359.79 and its 200 day moving average is $309.17.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.56 EPS. As a group, research analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.