Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $370.38

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $370.3750.

A number of brokerages have recently issued reports on HII. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday, February 10th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, JPMorgan Chase & Co. lifted 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 note on Monday, November 3rd.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently added to or reduced their stakes in HII. Geneos Wealth Management Inc. lifted its position in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after acquiring an additional 59 shares during the period. CWM LLC lifted its position in Huntington Ingalls Industries by 29.5% during the second quarter. CWM LLC now owns 1,203 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 274 shares during the period. Brookstone Capital Management bought a new stake in Huntington Ingalls Industries during the second quarter worth about $217,000. Ethic Inc. grew its stake in Huntington Ingalls Industries by 5.7% during the second quarter. Ethic Inc. now owns 1,674 shares of the aerospace company’s stock worth $400,000 after buying an additional 90 shares in the last quarter. Finally, Forum Financial Management LP bought a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $257,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 2.0%

Huntington Ingalls Industries stock opened at $446.85 on Friday. The company’s 50-day moving average is $393.83 and its 200-day moving average is $327.53. The firm has a market capitalization of $17.53 billion, a PE ratio of 29.07, a P/E/G ratio of 1.79 and a beta of 0.34. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries has a fifty-two week low of $167.70 and a fifty-two week high of $449.03.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business’s revenue was up 15.7% on a year-over-year basis. During the same period last year, the firm posted $3.15 earnings per share. Sell-side analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Stockholders of record on Friday, February 27th will be given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Huntington Ingalls Industries’s payout ratio is presently 35.91%.

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.