Huntington Ingalls Industries, Inc. (HII) – What Are Investment Firms Saying About This Stock?
by Renee Jackson · The Cerbat GemShares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $364.62.
Several equities research analysts have weighed in on HII shares. Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Sanford C. Bernstein reduced their target price on shares of Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 23rd. Citigroup upped their target price 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 target on the stock in a research note on Friday, July 31st. Finally, TD Cowen lowered their price target on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating for the company in a report on Friday.
Read Our Latest Research Report on HII
Huntington Ingalls Industries Stock Performance
Huntington Ingalls Industries stock opened at $264.52 on Monday. The stock has a 50-day simple moving average of $290.37 and a 200 day simple moving average of $312.82. 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 12-month low of $256.79 and a 12-month high of $460.00. The stock has a market capitalization of $10.42 billion, a price-to-earnings ratio of 15.76, a P/E/G ratio of 1.00 and a beta of 0.21.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the company earned $3.86 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. On average, research analysts anticipate that Huntington Ingalls Industries will post 18.47 earnings per share for the current fiscal year.
Huntington Ingalls Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries’s payout ratio is 32.90%.
Insider Transactions at Huntington Ingalls Industries
In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.
Institutional Investors Weigh In On Huntington Ingalls Industries
Several hedge funds and other institutional investors have recently made changes to their positions in HII. BlackRock Inc. bought a new stake in shares of Huntington Ingalls Industries during the second quarter worth approximately $944,877,000. State Street Corp boosted its stake in Huntington Ingalls Industries by 8.4% in the second quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock valued at $818,039,000 after acquiring an additional 227,439 shares during the last quarter. Van ECK Associates Corp boosted its stake in Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after acquiring an additional 400,428 shares during the last quarter. First Trust Advisors LP boosted its stake in 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 valued at $316,249,000 after acquiring an additional 19,843 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Huntington Ingalls Industries by 2.3% during the 1st quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company’s stock worth $179,097,000 after acquiring an additional 10,406 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.
Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.
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