Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $368.88 Average Price Target from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given an average rating of “Moderate Buy” by the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $368.8750.

Several equities research analysts recently issued reports on the stock. TD Cowen decreased their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. 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 note on Friday, July 31st. Finally, Sanford C. Bernstein set a $341.00 price objective on Huntington Ingalls Industries in a report on Tuesday, August 25th.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $278.36 on Thursday. The stock has a fifty day moving average price of $296.70 and a 200 day moving average price of $331.60. Huntington Ingalls Industries has a 52 week low of $263.62 and a 52 week high of $460.00. The firm has a market capitalization of $10.97 billion, a P/E ratio of 16.59, a PEG ratio of 1.05 and a beta of 0.23. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $3.86 EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. Equities research analysts anticipate that Huntington Ingalls Industries will post 18.47 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend 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 company’s stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the completion of the sale, the chief executive officer directly owned 11,224 shares in the company, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Huntington Ingalls Industries in the second quarter valued at approximately $944,877,000. Northwestern Mutual Wealth Management Co. grew its stake in Huntington Ingalls Industries by 38,526.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares during the period. Van ECK Associates Corp grew its stake in Huntington Ingalls Industries by 32.1% during the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after buying an additional 400,428 shares during the period. Geode Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock worth $379,098,000 after acquiring an additional 56,618 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of 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 worth $316,249,000 after acquiring an additional 19,843 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.