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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Rating) have been assigned an average recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $245.86.

Several research analysts have weighed in on HII shares. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group dropped their price objective on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, February 10th. TheStreet upgraded shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. Finally, Sanford C. Bernstein cut their price objective on Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating on the stock in a research report on Monday, February 13th.

Huntington Ingalls Industries Stock Down 1.4 %

Shares of HII opened at $198.07 on Friday. The firm has a market cap of $7.90 billion, a P/E ratio of 13.97 and a beta of 0.63. Huntington Ingalls Industries has a 12-month low of $188.51 and a 12-month high of $260.02. The company’s 50-day moving average price is $203.35 and its 200 day moving average price is $217.16. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.70.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last released its quarterly earnings data on Thursday, May 4th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.00 by $0.23. The business had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.60 billion. Huntington Ingalls Industries had a return on equity of 17.41% and a net margin of 5.27%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.50 EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 14.41 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 9th. Investors of record on Friday, May 26th will be issued a $1.24 dividend. This represents a $4.96 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, May 25th. Huntington Ingalls Industries’s dividend payout ratio is currently 34.98%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 500 shares of the business’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $198.13, for a total transaction of $99,065.00. Following the completion of the sale, the vice president now owns 20,820 shares in the company, valued at $4,125,066.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP D R. Wyatt sold 500 shares of the company’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $198.13, for a total transaction of $99,065.00. Following the completion of the transaction, the vice president now owns 20,820 shares in the company, valued at $4,125,066.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edgar A. Green III sold 1,717 shares of the firm’s stock in a transaction that occurred on Wednesday, March 1st. The shares were sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the sale, the vice president now owns 5,982 shares in the company, valued at $1,285,890.72. The disclosure for this sale can be found here. Insiders sold a total of 3,762 shares of company stock worth $806,831 over the last 90 days. Insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HII. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. boosted its holdings in Huntington Ingalls Industries by 175.0% during the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 110 shares of the aerospace company’s stock worth $25,000 after buying an additional 70 shares in the last quarter. Tanglewood Legacy Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at approximately $26,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth $32,000. Almanack Investment Partners LLC. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $42,000. Finally, Grey Fox Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth $48,000. Institutional investors own 86.63% of the company’s stock.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).