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

Key Points

• Analysts rate HII a "Hold" — 12 firms cover the stock (seven hold, five buy) with an average 12‑month price target of about $383, though several banks recently raised targets (Bank of America to $400, Goldman to $425 and TD Cowen to $460).
• HII beat estimates for the quarter with $3.79 EPS (vs. $3.70 expected) and $3.10B revenue (up 13.4% YoY), and announced a $1.38 quarterly dividend ($5.52 annualized, ~1.8% yield).

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has received an average rating of "Hold" from the twelve ratings firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $383.2222.

Several research firms recently commented on HII. Bank of America raised Huntington Ingalls Industries from an "underperform" rating to a "neutral" rating and increased their target price for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Weiss Ratings lowered Huntington Ingalls Industries from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Sanford C. Bernstein reissued a "market perform" rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Finally, TD Cowen increased their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a "buy" rating in a report on Friday, March 6th.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company's stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. This represents a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of the company's stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $422.45, for a total transaction of $1,858,780.00. Following the completion of the transaction, the vice president owned 20,360 shares of the company's stock, valued at $8,601,082. This represents a 17.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company's stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. Van ECK Associates Corp lifted its position in Huntington Ingalls Industries by 32.1% in 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. Geode Capital Management LLC increased its holdings in Huntington Ingalls Industries by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company's stock valued at $379,098,000 after buying an additional 56,618 shares in the last quarter. AQR Capital Management LLC increased its holdings in Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company's stock valued at $369,186,000 after buying an additional 498,690 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Huntington Ingalls Industries by 1.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 978,365 shares of the aerospace company's stock valued at $332,717,000 after buying an additional 11,743 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $314.27 on Friday. The firm has a market capitalization of $12.38 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.30 and a beta of 0.29. The business's fifty day moving average price is $397.33 and its 200 day moving average price is $370.43. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.06. Huntington Ingalls Industries has a 12 month low of $215.04 and a 12 month high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.Huntington Ingalls Industries's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.79 earnings per share. On average, sell-side analysts anticipate that Huntington Ingalls Industries will post 17.31 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 12th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, May 29th. Huntington Ingalls Industries's dividend payout ratio is currently 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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