Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $374.00 Average Target Price from Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII) has received a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $374.00.

A number of equities analysts recently weighed in on HII shares. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. TD Cowen cut their price target on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target for the company. Citigroup lowered their price objective on Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Finally, Weiss Ratings downgraded Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Insight Wealth Strategies LLC increased its stake in Huntington Ingalls Industries by 70.0% in the second quarter. Insight Wealth Strategies LLC now owns 22,484 shares of the aerospace company’s stock valued at $6,272,000 after purchasing an additional 9,261 shares in the last quarter. Tema ETFs LLC raised its holdings in shares of Huntington Ingalls Industries by 9.7% during the second quarter. Tema ETFs LLC now owns 1,641 shares of the aerospace company’s stock valued at $459,000 after purchasing an additional 145 shares during the period. Fiduciary Financial Group LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $335,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Huntington Ingalls Industries by 13.0% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 12,752 shares of the aerospace company’s stock worth $3,569,000 after purchasing an additional 1,469 shares in the last quarter. Finally, Gradient Investments LLC grew its stake in shares of Huntington Ingalls Industries by 14.6% in the 2nd quarter. Gradient Investments LLC now owns 48,527 shares of the aerospace company’s stock valued at $13,582,000 after buying an additional 6,180 shares during the period. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $287.55 on Wednesday. The company has a market capitalization of $11.33 billion, a PE ratio of 18.71, a P/E/G ratio of 1.23 and a beta of 0.25. The company has a 50 day simple moving average of $292.90 and a two-hundred day simple moving average of $361.50. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries has a fifty-two week low of $256.45 and a fifty-two week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company earned $3.79 EPS. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Research analysts anticipate that Huntington Ingalls Industries will post 17.31 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

About Huntington Ingalls Industries

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.