Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Has Consensus Price Target of $367.12

Key Points

• Analyst sentiment is moderately positive: Five analysts rate Huntington Ingalls Industries a buy and five rate it a hold, producing a “Moderate Buy” consensus with an average 12-month price target of $367.12.
• HII reported quarterly EPS of $5.27, beating estimates of $3.79, while revenue rose 10.9% year over year to $3.42 billion.
• The company pays a quarterly dividend of $1.38 per share, representing a $5.52 annualized payout and a 2.1% yield; institutional investors own 90.46% of outstanding shares.

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten research firms that are presently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $367.12.

Several brokerages recently weighed in on HII. TD Cowen cut their target price on 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 upgraded Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Wolfe Research raised Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 price objective on the stock in a research note on Friday, July 31st. Citigroup increased their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Wells Fargo & Company lifted their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 4th.

Insiders Place Their Bets

In related news, CEO Christopher Kastner sold 13,070 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value 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 approximately $3,646,902.08. This represents a 53.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at about $944,877,000. State Street Corp raised its stake in shares of Huntington Ingalls Industries by 8.4% during the second quarter. State Street Corp now owns 2,922,717 shares of the aerospace company's stock valued at $818,039,000 after purchasing an additional 227,439 shares during the period. Van ECK Associates Corp raised its stake in shares of 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 valued at $560,004,000 after purchasing an additional 400,428 shares during the period. First Trust Advisors LP lifted its position in shares of Huntington Ingalls Industries by 2.4% during the first quarter. First Trust Advisors LP now owns 832,452 shares of the aerospace company's stock worth $316,249,000 after purchasing an additional 19,843 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Huntington Ingalls Industries by 2.3% in the first quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company's stock valued at $179,097,000 after purchasing an additional 10,406 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Trading Up 0.0%

Shares of HII stock opened at $268.60 on Monday. Huntington Ingalls Industries has a 1-year low of $256.79 and a 1-year high of $460.00. The firm's 50-day simple moving average is $294.26 and its 200-day simple moving average is $318.13. The firm has a market cap of $10.58 billion, a P/E ratio of 16.01, a PEG ratio of 1.01 and a beta of 0.21. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. The firm had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. Huntington Ingalls Industries's revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.86 earnings per share. As a group, equities analysts forecast that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 11th. Investors of record on Friday, August 28th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 2.1%. Huntington Ingalls Industries's payout ratio is presently 32.90%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc NYSE: HII is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.

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