Huntington Ingalls Industries (NYSE:HII) Upgraded at Melius

Melius upgraded shares of Huntington Ingalls Industries (NYSE:HII) from a hold rating to a buy rating in a report published on Monday morning, MarketBeat.com reports.

A number of other equities research analysts have also recently commented on HII. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 29th. TD Cowen lifted their price target on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $325.75.

Huntington Ingalls Industries Trading Down 3.0%

HII opened at $356.52 on Monday. The company has a market capitalization of $13.99 billion, a P/E ratio of 24.62, a PEG ratio of 1.55 and a beta of 0.36. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $374.26. The stock’s fifty day moving average is $325.15 and its two-hundred day moving average is $288.89.

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

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were given a dividend of $1.38 per share. The ex-dividend date was Friday, November 28th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 dividend on an annualized basis and a yield of 1.5%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 38.12%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value 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 represents a 16.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Edmond E. Jr. Hughes sold 850 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 in the last quarter. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. CYBER HORNET ETFs LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $25,000. Rakuten Securities Inc. increased its stake in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares during the period. SouthState Corp lifted its holdings in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC boosted its position in Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after buying an additional 100 shares during the period. Finally, Versant Capital Management Inc boosted its position in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.