Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $368.8750.

A number of equities analysts recently commented on the company. Sanford C. Bernstein set a $341.00 target price on Huntington Ingalls Industries in a report on Tuesday, August 25th. Wells Fargo & Company boosted their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup increased their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research note on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st.

Insider Activity

In related news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently bought and sold shares of the stock. Bayban purchased a new position in Huntington Ingalls Industries in the 1st quarter valued at approximately $27,000. Cassaday & Co Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the first quarter worth $36,000. Motiv8 Investments LLC purchased a new stake in Huntington Ingalls Industries during the fourth quarter worth $38,000. Elyxium Wealth LLC acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at $42,000. Finally, MV Capital Management Inc. acquired a new stake in Huntington Ingalls Industries in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Up 0.2%

Shares of NYSE HII opened at $280.17 on Thursday. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 1.05 and a beta of 0.23. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries has a 52-week low of $263.62 and a 52-week high of $460.00. The business’s 50 day moving average is $297.11 and its two-hundred day moving average is $333.86.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business posted $3.86 earnings per share. The company’s quarterly revenue was up 10.9% on a year-over-year basis. Research analysts predict that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were paid a $1.38 dividend. The ex-dividend date was Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries’s payout ratio is 32.90%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.