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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HIIGet Rating) have been given an average recommendation of “Buy” by the ten brokerages that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $232.13.

HII has been the topic of several analyst reports. TheStreet raised Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research report on Thursday, March 3rd. Cowen raised shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $200.00 to $270.00 in a research report on Thursday, April 14th. JPMorgan Chase & Co. decreased their price target on Huntington Ingalls Industries from $220.00 to $210.00 and set a “neutral” rating for the company in a research report on Monday, February 14th. StockNews.com began coverage on Huntington Ingalls Industries in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Vertical Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $250.00 price target on the stock in a research report on Thursday, March 17th.

Shares of Huntington Ingalls Industries stock opened at $211.50 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.07 and a current ratio of 1.15. Huntington Ingalls Industries has a 52-week low of $175.50 and a 52-week high of $228.66. The business’s 50 day simple moving average is $209.41 and its 200 day simple moving average is $197.01. The firm has a market cap of $8.47 billion, a PE ratio of 15.85 and a beta of 0.78.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The aerospace company reported $3.50 EPS for the quarter, topping analysts’ consensus estimates of $3.31 by $0.19. The business had revenue of $2.58 billion during the quarter, compared to analysts’ expectations of $2.54 billion. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 21.69%. The business’s quarterly revenue was up 13.1% on a year-over-year basis. During the same period last year, the company posted $3.68 earnings per share. As a group, equities research analysts predict that Huntington Ingalls Industries will post 15.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Shareholders of record on Friday, May 27th will be given a dividend of $1.18 per share. This represents a $4.72 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 26th. Huntington Ingalls Industries’s payout ratio is currently 35.38%.

In related news, CAO Nicolas G. Schuck sold 1,028 shares of the stock in a transaction that occurred on Tuesday, March 1st. The shares were sold at an average price of $202.37, for a total transaction of $208,036.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 776 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $211.65, for a total transaction of $164,240.40. The disclosure for this sale can be found here. 2.16% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. Kestra Private Wealth Services LLC bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $202,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Huntington Ingalls Industries by 15.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 407 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 53 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in Huntington Ingalls Industries by 26.4% during the first quarter. BNP Paribas Arbitrage SA now owns 66,606 shares of the aerospace company’s stock worth $13,284,000 after acquiring an additional 13,903 shares during the last quarter. Golden State Equity Partners purchased a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $681,000. Finally, Virtu Financial LLC bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $504,000. Hedge funds and other institutional investors own 85.52% of the company’s stock.

Huntington Ingalls Industries Company Profile (Get Rating)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

Further Reading

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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