Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $288.00 at JPMorgan Chase & Co.

Huntington Ingalls Industries (NYSE:HIIFree Report) had its price target upped by JPMorgan Chase & Co. from $257.00 to $288.00 in a research note released on Thursday, Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the aerospace company’s stock.

HII has been the topic of several other research reports. Barclays lifted their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an equal weight rating in a research note on Tuesday. StockNews.com raised shares of Huntington Ingalls Industries from a buy rating to a strong-buy rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $252.20.

Get Our Latest Stock Analysis on Huntington Ingalls Industries

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $272.13 on Thursday. The company’s fifty day simple moving average is $255.93 and its 200-day simple moving average is $233.37. Huntington Ingalls Industries has a 52 week low of $188.51 and a 52 week high of $275.85. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.77 billion, a PE ratio of 15.91, a P/E/G ratio of 2.57 and a beta of 0.58.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The business had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the firm posted $3.07 EPS. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Huntington Ingalls Industries will post 16.45 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 23rd will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 30.41%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, VP Jennifer R. Boykin sold 567 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $239.00, for a total value of $135,513.00. Following the completion of the transaction, the vice president now directly owns 9,053 shares of the company’s stock, valued at approximately $2,163,667. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares of the company’s stock, valued at $5,036,479. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in Huntington Ingalls Industries by 0.8% during the 1st quarter. BlackRock Inc. now owns 3,915,794 shares of the aerospace company’s stock valued at $810,648,000 after purchasing an additional 30,355 shares during the period. State Street Corp boosted its stake in Huntington Ingalls Industries by 2.0% during the 1st quarter. State Street Corp now owns 2,958,318 shares of the aerospace company’s stock valued at $612,431,000 after purchasing an additional 58,521 shares during the period. FMR LLC boosted its stake in Huntington Ingalls Industries by 0.5% during the 3rd quarter. FMR LLC now owns 2,511,066 shares of the aerospace company’s stock valued at $513,714,000 after purchasing an additional 12,322 shares during the period. Morgan Stanley boosted its stake in Huntington Ingalls Industries by 133.8% during the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock valued at $296,456,000 after purchasing an additional 735,356 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 3.0% during the 2nd quarter. Geode Capital Management LLC now owns 906,744 shares of the aerospace company’s stock valued at $205,874,000 after purchasing an additional 26,145 shares during the period. 89.18% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

(Get Free Report)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. 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.

See Also

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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