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

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been assigned an average recommendation of "Hold" from the nine analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $251.38.

Several brokerages have commented on HII. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the company from $250.00 to $300.00 in a research report on Thursday. Finally, Barclays boosted their target price on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th.

Huntington Ingalls Industries Trading Up 0.1%

Shares of HII stock opened at $258.26 on Friday. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $285.81. The stock has a market cap of $10.13 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.31. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The stock has a 50 day simple moving average of $233.56 and a 200 day simple moving average of $208.76.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the previous year, the business earned $3.87 earnings per share. The company's revenue was down 2.5% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 13th. Stockholders of record on Friday, May 30th were issued a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.09%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.90%.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the business's stock in a transaction 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 sale, the vice president owned 9,581 shares of the company's stock, valued at $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This represents a 8.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock valued at $1,207,207 over the last 90 days. 0.72% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors have recently modified their holdings of HII. Sentry Investment Management LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth $26,000. EverSource Wealth Advisors LLC grew its stake in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. HM Payson & Co. boosted its position in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock valued at $31,000 after acquiring an additional 64 shares during the last quarter. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries during the first quarter valued at $31,000. Finally, Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $36,000. Institutional investors own 90.46% of the company's stock.

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.

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