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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $262.6667.

Several equities research analysts have commented on the stock. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 7th. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their target price for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Saturday. Barclays upped their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research report on Monday, August 4th. Finally, Zacks Research downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th.

Huntington Ingalls Industries Stock Up 3.5%

HII stock opened at $300.36 on Monday. The firm’s fifty day simple moving average is $277.70 and its 200-day simple moving average is $252.44. The company has a market capitalization of $11.79 billion, a P/E ratio of 22.48, a price-to-earnings-growth ratio of 1.72 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries has a 12 month low of $158.88 and a 12 month high of $301.74.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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 net margin of 4.54% and a return on equity of 11.34%. The business 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 firm earned $4.38 EPS. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 12th. Stockholders of record on Friday, November 28th will be paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, November 28th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds have recently bought and sold shares of the business. Peddock Capital Advisors LLC purchased a new position in Huntington Ingalls Industries during the second quarter worth approximately $483,000. Buttonwood Financial Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $253,000. Revisor Wealth Management LLC purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $374,000. Teacher Retirement System of Texas purchased a new position in Huntington Ingalls Industries during the first quarter valued at $1,324,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Huntington Ingalls Industries during the second quarter valued at $243,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.