Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus rating of “Moderate Buy” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $384.1250.

A number of equities analysts have commented on the stock. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Finally, TD Cowen increased their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th.

Insider Transactions at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction that occurred on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The SEC filing for this sale provides additional information. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently modified their holdings of HII. 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 position in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares in the last quarter. Anchor Investment Management LLC boosted its stake in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares during the last quarter. NBC Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Up 0.1%

Shares of NYSE:HII opened at $402.50 on Thursday. The company has a market capitalization of $15.80 billion, a PE ratio of 26.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.32. Huntington Ingalls Industries has a 1 year low of $177.42 and a 1 year high of $460.00. 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 business has a fifty day moving average price of $420.64 and a two-hundred day moving average price of $349.76.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping the consensus estimate of $3.72 by $0.32. The company had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.15 EPS. Analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 35.91%.

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.