Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $236.38 Consensus Target Price from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has earned a consensus recommendation of "Hold" from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $236.38.

A number of equities analysts have recently issued reports on the company. Barclays increased their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 750 shares of Huntington Ingalls Industries stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at approximately $546,691.04. This trade represents a 20.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the transaction, the director now directly owns 17,485 shares in the company, valued at $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,010 shares of company stock valued at $899,510. Insiders own 0.86% of the company's stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently made changes to their positions in HII. Geneos Wealth Management Inc. boosted its holdings in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after buying an additional 59 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Huntington Ingalls Industries by 23.5% in the 1st quarter. IFM Investors Pty Ltd now owns 5,514 shares of the aerospace company's stock valued at $1,125,000 after acquiring an additional 1,051 shares during the period. Ransom Advisory Ltd bought a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $326,000. Alaethes Wealth LLC acquired a new position in Huntington Ingalls Industries during the first quarter valued at approximately $1,300,000. Finally, Optimize Financial Inc acquired a new position in Huntington Ingalls Industries during the first quarter valued at approximately $233,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

HII traded down $2.24 during trading on Friday, reaching $225.60. 315,799 shares of the company's stock were exchanged, compared to its average volume of 532,184. The company has a market capitalization of $8.85 billion, a P/E ratio of 16.16, a PEG ratio of 1.15 and a beta of 0.31. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $216.84 and a 200 day moving average price of $199.52. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.89. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The firm's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $3.87 EPS. As a group, analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.39%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's payout ratio is presently 38.90%.

Huntington Ingalls Industries Company Profile

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.