StockNews.com Begins Coverage on Huntington Ingalls Industries (NYSE:HII)

StockNews.com initiated coverage on shares of Huntington Ingalls Industries (NYSE:HII – Get Rating) in a research report released on Thursday morning. The brokerage issued a buy rating on the aerospace company’s stock.

Other equities analysts have also issued research reports about the stock. Barclays upgraded shares of Huntington Ingalls Industries from an equal weight rating to an overweight rating and set a $270.00 target price for the company in a research report on Thursday, December 8th. Credit Suisse Group dropped their target price on shares of Huntington Ingalls Industries from $244.00 to $230.00 and set a neutral rating for the company in a research report on Friday, February 10th. Sanford C. Bernstein dropped their target price on shares of Huntington Ingalls Industries from $247.00 to $236.00 and set a market perform rating for the company in a research report on Monday, February 13th. The Goldman Sachs Group upped their target price on shares of Huntington Ingalls Industries from $171.00 to $190.00 and gave the stock a sell rating in a research report on Thursday, December 15th. Finally, TheStreet upgraded shares of Huntington Ingalls Industries from a c+ rating to a b- rating in a research report on Wednesday, March 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of Hold and a consensus target price of $251.22.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $199.37 on Thursday. The firm has a fifty day moving average price of $217.90 and a 200-day moving average price of $228.15. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.95 and a quick ratio of 0.89. The stock has a market cap of $7.95 billion, a PE ratio of 13.80 and a beta of 0.64. Huntington Ingalls Industries has a 1 year low of $191.49 and a 1 year high of $260.02.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.07). The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Huntington Ingalls Industries had a return on equity of 18.81% and a net margin of 5.42%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.99 earnings per share. Equities analysts anticipate that Huntington Ingalls Industries will post 14.52 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 10th. Shareholders of record on Friday, February 24th were given a dividend of $1.24 per share. The ex-dividend date of this dividend was Thursday, February 23rd. This represents a $4.96 annualized dividend and a yield of 2.49%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 34.33%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 1,545 shares of the stock in a transaction on Monday, February 27th. The shares were sold at an average price of $219.21, for a total transaction of $338,679.45. Following the completion of the transaction, the vice president now owns 4,264 shares in the company, valued at $934,711.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Edgar A. Green III sold 1,717 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the sale, the vice president now owns 5,982 shares in the company, valued at approximately $1,285,890.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edgar A. Green III sold 1,545 shares of the firm’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $219.21, for a total transaction of $338,679.45. Following the completion of the sale, the vice president now owns 4,264 shares of the company’s stock, valued at approximately $934,711.44. The disclosure for this sale can be found here. Insiders sold 6,924 shares of company stock worth $1,522,231 over the last 90 days. 2.16% of the stock is owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 53.9% in the 4th quarter. Victory Capital Management Inc. now owns 175,288 shares of the aerospace company’s stock worth $40,435,000 after acquiring an additional 61,401 shares during the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Huntington Ingalls Industries by 36.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 510 shares of the aerospace company’s stock worth $117,000 after acquiring an additional 137 shares during the last quarter. OLD Mission Capital LLC bought a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth about $52,000. Voya Investment Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.4% in the 4th quarter. Voya Investment Management LLC now owns 16,651 shares of the aerospace company’s stock worth $3,841,000 after acquiring an additional 390 shares during the last quarter. Finally, Natixis increased its stake in Huntington Ingalls Industries by 7,020.3% in the 4th quarter. Natixis now owns 175,159 shares of the aerospace company’s stock worth $40,406,000 after buying an additional 172,699 shares during the period. Institutional investors own 86.63% of the company’s stock.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).