Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Recommendation of “Hold” by Analysts
Shares of Huntington Ingalls Industries, Inc. (NYSE:HII – Get Free Report) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $224.00.
Several equities research analysts have commented on HII shares. Deutsche Bank Aktiengesellschaft started coverage on Huntington Ingalls Industries in a research note on Wednesday, September 27th. They set a “hold” rating and a $217.00 price objective for the company. JPMorgan Chase & Co. upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and cut their price objective for the stock from $250.00 to $247.00 in a research note on Thursday, September 28th. Finally, StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 7th.
View Our Latest Analysis on HII
Huntington Ingalls Industries Price Performance
NYSE:HII opened at $250.35 on Tuesday. Huntington Ingalls Industries has a 12 month low of $188.51 and a 12 month high of $250.57. The stock has a 50 day moving average of $227.03 and a two-hundred day moving average of $221.66. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The firm has a market cap of $9.94 billion, a P/E ratio of 18.87, a price-to-earnings-growth ratio of 2.11 and a beta of 0.62.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $3.70 EPS for the quarter, topping the consensus estimate of $3.39 by $0.31. Huntington Ingalls Industries had a return on equity of 14.69% and a net margin of 4.78%. The company had revenue of $2.82 billion during the quarter, compared to analyst estimates of $2.73 billion. On average, analysts expect that Huntington Ingalls Industries will post 14.59 earnings per share for the current fiscal year.
Huntington Ingalls Industries Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.24. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.08%. Huntington Ingalls Industries’s dividend payout ratio is 39.19%.
Insider Activity
In related news, VP Jennifer R. Boykin sold 567 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $239.00, for a total value of $135,513.00. Following the transaction, the vice president now directly owns 9,053 shares in the company, valued at $2,163,667. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Jennifer R. Boykin sold 567 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $239.00, for a total value of $135,513.00. Following the transaction, the vice president now directly owns 9,053 shares in the company, valued at $2,163,667. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP D R. Wyatt sold 320 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total value of $73,129.60. Following the completion of the transaction, the vice president now owns 20,000 shares in the company, valued at $4,570,600. The disclosure for this sale can be found here. Company insiders own 2.30% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in HII. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Huntington Ingalls Industries by 98,059.7% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 736,198 shares of the aerospace company’s stock worth $167,559,000 after purchasing an additional 735,448 shares in the last quarter. Morgan Stanley raised its stake in shares of Huntington Ingalls Industries by 133.8% in the fourth quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock valued at $296,456,000 after acquiring an additional 735,356 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Huntington Ingalls Industries by 445.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 459,847 shares of the aerospace company’s stock valued at $95,198,000 after acquiring an additional 375,553 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 820.7% in the first quarter. Envestnet Asset Management Inc. now owns 321,817 shares of the aerospace company’s stock valued at $13,352,000 after acquiring an additional 286,862 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 50.9% in the first quarter. AQR Capital Management LLC now owns 638,575 shares of the aerospace company’s stock valued at $132,198,000 after acquiring an additional 215,385 shares in the last quarter. 89.18% of the stock is currently owned by institutional investors and hedge funds.
About Huntington Ingalls Industries (Get Free Report
Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing 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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