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

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $370.3750.

Several research firms have recently weighed in on HII. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research report on Monday, November 3rd. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $443.10 on Friday. Huntington Ingalls Industries has a 52-week low of $167.70 and a 52-week high of $451.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The stock has a fifty day moving average price of $398.54 and a two-hundred day moving average price of $329.08. The firm has a market capitalization of $17.39 billion, a P/E ratio of 28.83, a P/E/G ratio of 1.78 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter last year, the company posted $3.15 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a yield of 1.2%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Institutional investors have recently modified their holdings of the stock. CYBER HORNET ETFs LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $25,000. Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after buying an additional 63 shares in the last quarter. SouthState Corp boosted its position in Huntington Ingalls Industries by 310.0% in the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after buying an additional 93 shares during the last quarter. Anchor Investment Management LLC increased its stake in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after buying an additional 100 shares during the period. Finally, NBC Securities Inc. raised its position in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after acquiring an additional 41 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

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.