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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received an average rating of “Reduce” from the ten analysts that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $221.22.

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating for the company in a report on Monday. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Bank of America cut their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of large investors have recently made changes to their positions in HII. EverSource Wealth Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares during the period. Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries in the third quarter worth approximately $40,000. Truvestments Capital LLC acquired a new position in Huntington Ingalls Industries in the third quarter worth approximately $42,000. Wingate Wealth Advisors Inc. acquired a new position in Huntington Ingalls Industries in the fourth quarter worth approximately $48,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Huntington Ingalls Industries by 43.4% in the fourth quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

HII stock opened at $167.95 on Wednesday. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $6.57 billion, a P/E ratio of 12.03, a PEG ratio of 1.43 and a beta of 0.57. The company has a 50-day simple moving average of $191.86 and a 200 day simple moving average of $227.57.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. Sell-side analysts predict that Huntington Ingalls Industries will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.22%. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs 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.