Huntington Ingalls Industries, Inc. (NYSE:HII) Given Consensus Rating of "Hold" by Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) have received an average rating of "Hold" from the nine ratings firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $236.38.

Several research firms have weighed in on HII. Barclays lifted their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Monday, May 5th. The Goldman Sachs Group lifted their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective on the stock in a research report on Thursday, May 15th.

Huntington Ingalls Industries Stock Up 0.5%

Shares of NYSE:HII opened at $224.46 on Friday. The stock's 50-day moving average is $215.16 and its 200 day moving average is $198.79. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The company has a market cap of $8.81 billion, a PE ratio of 16.08, a P/E/G ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $285.81.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business's revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.87 EPS. Sell-side analysts anticipate that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.41%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares in the company, valued at $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,010 shares of company stock valued at $899,510 in the last ninety days. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Generali Asset Management SPA SGR purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at $2,056,000. Assetmark Inc. raised its stake in Huntington Ingalls Industries by 2,154.9% during the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after buying an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at $3,642,000. Essential Planning LLC. purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at $2,457,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter valued at $283,000. 90.46% of the stock is owned by institutional investors.

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.

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