Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $325.75

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus rating of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $325.75.

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, November 29th. The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report on Friday, October 31st. Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Melius upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday. Finally, TD Cowen lifted their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction 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 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. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total value of $268,124.00. Following the completion of the transaction, the vice president directly owned 8,731 shares in the company, valued at $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 in the last three months. 0.72% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in HII. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 1.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after acquiring an additional 16,236 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Huntington Ingalls Industries by 5.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock worth $278,272,000 after purchasing an additional 54,139 shares during the period. Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 0.7% in the 3rd quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock worth $259,447,000 after purchasing an additional 6,046 shares during the period. First Trust Advisors LP lifted its position in Huntington Ingalls Industries by 12.9% during the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after purchasing an additional 76,512 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after purchasing an additional 25,737 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $356.52 on Friday. The firm has a market cap of $13.99 billion, a P/E ratio of 24.62, a PEG ratio of 1.55 and a beta of 0.36. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $374.26. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a 50 day moving average of $325.15 and a 200 day moving average of $288.89.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the company earned $2.56 EPS. The company’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a dividend yield of 1.5%. Huntington Ingalls Industries’s dividend payout ratio is presently 38.12%.

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.