Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $378.88 Average Price Target from Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $378.8750.

Several equities analysts have recently issued reports on HII shares. TD Cowen reduced their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Weiss Ratings lowered Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday. Wolfe Research upgraded 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 report on Friday, July 31st. Citigroup boosted their price objective on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher D. Kastner sold 13,070 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $3,646,902.08. This represents a 53.80% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rehmann Capital Advisory Group raised its holdings in Huntington Ingalls Industries by 80.5% in the second quarter. Rehmann Capital Advisory Group now owns 1,067 shares of the aerospace company’s stock worth $299,000 after purchasing an additional 476 shares in the last quarter. BTG Pactual Asset Management US LLC purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $334,000. Quantitative Investment Management LLC grew its position in shares of Huntington Ingalls Industries by 34.6% in the 2nd quarter. Quantitative Investment Management LLC now owns 8,121 shares of the aerospace company’s stock worth $2,272,000 after buying an additional 2,087 shares during the period. Two Sigma Securities LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth about $366,000. Finally, Greenwood Capital Associates LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $449,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $302.07 on Friday. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. The firm has a market cap of $11.90 billion, a P/E ratio of 18.00, a P/E/G ratio of 1.17 and a beta of 0.24. Huntington Ingalls Industries has a 1-year low of $263.62 and a 1-year high of $460.00. The firm has a 50-day moving average of $296.30 and a 200-day moving average of $349.11.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the business earned $3.86 EPS. Huntington Ingalls Industries’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts expect that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. Huntington Ingalls Industries’s payout ratio is currently 32.90%.

About Huntington Ingalls Industries

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.