Huntington Ingalls Industries (NYSE:HII) Sets New 52-Week High – Still a Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII) shares reached a new 52-week high on Tuesday . The stock traded as high as $460.00 and last traded at $454.35, with a volume of 631546 shares traded. The stock had previously closed at $444.52.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HII. Citigroup lifted their price target 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. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. The Goldman Sachs Group boosted their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 19th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $370.38.

Huntington Ingalls Industries Trading Down 0.8%

The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $17.14 billion, a P/E ratio of 28.42, a P/E/G ratio of 1.80 and a beta of 0.32. The business’s fifty day simple moving average is $406.00 and its two-hundred day simple moving average is $334.46.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The company had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the firm posted $3.15 EPS. The business’s revenue was up 15.7% compared to the same quarter last year. As a group, analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries during the second quarter worth $25,000. Rakuten Securities Inc. lifted its holdings in shares of 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 acquiring an additional 63 shares during the period. SouthState Corp boosted its position in shares of Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 93 shares in the last quarter. Anchor Investment Management LLC increased its stake in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 100 shares during the period. Finally, NBC Securities Inc. increased its stake in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.