Huntington Ingalls Industries - HII Stock Forecast, Price & News

Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of ships. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in-service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.

Wall Street Analysts Forecast Growth

HII has been the subject of several recent research reports. Cowen raised shares of Huntington Ingalls Industries from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $200.00 to $270.00 in a research note on Thursday, April 14th. Cowen raised shares of Huntington Ingalls Industries from a "market perform" rating to an "outperform" rating and raised their price target for the company from $200.00 to $270.00 in a research report on Thursday, April 14th. Sanford C. Bernstein upped their price objective on Huntington Ingalls Industries from $217.00 to $235.00 in a research report on Tuesday. Finally, StockNews.com upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Friday, July 29th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $235.88.

Huntington Ingalls Industries Stock Up 0.1 %

Shares of HII Stock traded up $0.32 on Thursday, reaching $227.34. 183,533 shares of the stock were exchanged, compared to its average volume of 395,756. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 15.61 and a beta of 0.67. The business's 50 day moving average price is $213.06 and its 200 day moving average price is $206.49. The company has a current ratio of 1.15, a quick ratio of 1.07 and a debt-to-equity ratio of 1.05. Huntington Ingalls Industries has a twelve month low of $175.50 and a twelve month high of $237.43.

Huntington Ingalls Industries (NYSE:HII - Get Rating) last released its quarterly earnings data on Thursday, August 4th. The aerospace company reported $4.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.43 by $1.01. Huntington Ingalls Industries had a return on equity of 21.73% and a net margin of 5.71%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the prior year, the firm posted $3.20 EPS. The business's quarterly revenue was up 19.3% compared to the same quarter last year. As a group, sell-side analysts expect that Huntington Ingalls Industries will post 15.38 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be paid a $1.18 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $4.72 annualized dividend and a yield of 2.08%. Huntington Ingalls Industries's dividend payout ratio is currently 32.37%.

Insiders Place Their Bets

In other news, VP Edgar A. Green III sold 4,222 shares of the company's stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $207.99, for a total value of $878,133.78. Following the completion of the transaction, the vice president now owns 5,809 shares in the company, valued at approximately $1,208,213.91. The sale was disclosed in a document filed with the SEC, which is available at this link. 2.16% of the stock is owned by corporate insiders.