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

Key Points

• Huntington Ingalls Industries, Inc. has received a consensus rating of "Hold" from nine brokerages, with target prices ranging from $235 to $300.
• Insider sells from Vice President Chad N. Boudreaux indicate a 8.47% decrease in his stake, selling nearly 2,000 shares at an average price of $228.94.
• The company recently announced a quarterly dividend of $1.35 per share, reflecting a 2.0% dividend yield based on an annualized amount of $5.40.

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been assigned a consensus rating of "Hold" from the nine brokerages that are currently covering the stock, MarketBeat Ratings 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 objective among brokerages that have updated their coverage on the stock in the last year is $258.8750.

Several brokerages have commented on HII. Alembic Global Advisors upgraded 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. Barclays increased their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday. Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and increased their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of the 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 transaction, the vice president directly owned 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.86% of the stock is owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently bought and sold shares of HII. Sentry Investment Management LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth $26,000. HM Payson & Co. raised its holdings in Huntington Ingalls Industries by 71.9% in the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after purchasing an additional 64 shares during the period. Park Square Financial Group LLC bought a new position in Huntington Ingalls Industries in the 1st quarter worth $31,000. Raiffeisen Bank International AG bought a new position in Huntington Ingalls Industries in the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in Huntington Ingalls Industries by 40.1% in the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after purchasing an additional 59 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $270.93 on Wednesday. The stock's 50 day moving average is $244.78 and its 200 day moving average is $217.05. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $293.14. The company has a market capitalization of $10.63 billion, a P/E ratio of 20.28, a PEG ratio of 1.63 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the business posted $4.38 EPS. The company's revenue was up 3.5% compared to the same quarter last year. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is presently 40.42%.

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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