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

Key Points

• Huntington Ingalls Industries has received a consensus rating of "Hold" from nine brokerages, with one sell recommendation, five holds, and three buys.
• The average 12-month price target for the stock among analysts is $264.43, with recent upgrades from Barclays and TD Cowen raising target prices significantly.
• The company reported $3.86 EPS for the last quarter, exceeding estimates, and declared a quarterly dividend of $1.35, indicating a 1.9% dividend yield.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) have earned an average recommendation of "Hold" from the nine brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $264.4286.

HII has been the topic of a number of research reports. Barclays upped their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research report on Monday, August 4th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Sunday, September 7th. Bank of America increased their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research report on Wednesday, August 13th. Zacks Research downgraded shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their price target for the company from $250.00 to $300.00 in a research report on Thursday, July 10th.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $277.71 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $293.14. The company has a market cap of $10.90 billion, a PE ratio of 20.79, a PEG ratio of 1.58 and a beta of 0.40. The company's 50-day moving average is $268.34 and its two-hundred day moving average is $238.62.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $4.38 EPS. The company's revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 40.42%.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds have recently modified their holdings of the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $513,000. Anchor Investment Management LLC raised its holdings in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company's stock worth $30,000 after buying an additional 100 shares during the period. Asset Dedication LLC raised its holdings in Huntington Ingalls Industries by 1,997.4% during the 2nd quarter. Asset Dedication LLC now owns 797 shares of the aerospace company's stock worth $192,000 after buying an additional 759 shares during the period. Pitcairn Co. raised its holdings in Huntington Ingalls Industries by 4.1% during the 2nd quarter. Pitcairn Co. now owns 1,266 shares of the aerospace company's stock worth $306,000 after buying an additional 50 shares during the period. Finally, CYBER HORNET ETFs LLC acquired a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.