Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Has Average Price Target of $361.75 According to Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has been given a consensus rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $369.50.

Several research firms recently issued reports on HII. Wall Street Zen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup lifted their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company boosted their target price on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th. TD Cowen dropped their target price on Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a research report on Friday, October 9th. Finally, Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research note on Friday, July 31st.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the firm’s 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 sale, the chief executive officer owned 11,224 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $944,877,000. State Street Corp boosted its position in Huntington Ingalls Industries by 8.4% during the 2nd quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock worth $818,039,000 after acquiring an additional 227,439 shares during the period. First Trust Advisors LP grew its stake in shares of Huntington Ingalls Industries by 2.4% in the first quarter. First Trust Advisors LP now owns 832,452 shares of the aerospace company’s stock worth $316,249,000 after purchasing an additional 19,843 shares in the last quarter. Sei Investments Co. grew its stake in shares of Huntington Ingalls Industries by 2.3% in the first quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company’s stock worth $179,097,000 after purchasing an additional 10,406 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Huntington Ingalls Industries in the second quarter worth $75,094,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Key Stories Impacting Huntington Ingalls Industries

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Ingalls Shipbuilding completed builder’s sea trials for Harrisburg (LPD 30), the first Flight II San Antonio-class amphibious transport dock. Successful testing of propulsion, controls, communications and mission systems marks progress toward delivery. Article: HII Successfully Completes Builder’s Trials on Harrisburg (LPD 30)
• Positive Sentiment: HII and Thales demonstrated an end-to-end autonomous mine-countermeasure mission using Expeditionary PathMaster. The successful demonstration supports HII’s positioning in autonomous naval systems, though no contract value or revenue impact was disclosed. Article: HII and Thales Successfully Demonstrate Expeditionary PathMaster’s Ability to Deliver an End-to-End Autonomous Mine Countermeasure Mission
• Positive Sentiment: A Seeking Alpha opinion piece described HII as a “deep value buy,” offering a bullish valuation perspective rather than reporting a new company development. Article: Huntington Ingalls: Anchor Of American Naval Might At A Deep Value Buy
• Neutral Sentiment: JPMorgan raised its price target to $375 from $370 and kept a neutral rating. Bernstein lifted its target to $352 from $304 but maintained a Market Perform rating. Higher targets are supportive, but neither firm upgraded its recommendation. JPMorgan analyst rating Bernstein analyst rating
• Neutral Sentiment: HII’s first ROMULUS drone ship moved closer to completion, another development in its uncrewed-vessel program; the headline provided no details on timing or financial contribution. Article: HII Moves First ROMULUS Drone Ship Closer to Completion

Huntington Ingalls Industries Trading Up 1.2%

NYSE:HII opened at $317.39 on Friday. Huntington Ingalls Industries has a 12-month low of $255.35 and a 12-month high of $460.00. The company has a current ratio of 1.26, a quick ratio of 1.18 and a debt-to-equity ratio of 0.49. The stock’s 50 day simple moving average is $278.77 and its 200-day simple moving average is $335.13. The firm has a market cap of $12.51 billion, a P/E ratio of 17.08, a PEG ratio of 1.16 and a beta of 0.17.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 29th. The aerospace company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $1.12. The firm had revenue of $3.54 billion for the quarter, compared to analyst estimates of $3.38 billion. Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 13.95%. Huntington Ingalls Industries’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $3.68 EPS. Equities analysts anticipate that Huntington Ingalls Industries will post 18.60 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 11th. Investors of record on Friday, November 27th will be issued a dividend of $1.41 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.38. This represents a $5.64 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, November 27th. Huntington Ingalls Industries’s dividend payout ratio is currently 29.71%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.