Huntington Ingalls Industries (HII) – Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Huntington Ingalls Industries (NYSE: HII) in the last few weeks:

• 11/13/2024 – Huntington Ingalls Industries had its price target lowered by analysts at Bank of America Co. from $250.00 to $195.00. They now have an “underperform” rating on the stock.
• 11/4/2024 – Huntington Ingalls Industries had its price target lowered by analysts at Barclays PLC from $290.00 to $220.00. They now have an “equal weight” rating on the stock.
• 11/1/2024 – Huntington Ingalls Industries had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $226.00 to $194.00. They now have a “sell” rating on the stock.
• 11/1/2024 – Huntington Ingalls Industries was downgraded by analysts at Alembic Global Advisors from an “overweight” rating to a “neutral” rating. They now have a $210.00 price target on the stock.
• 11/1/2024 – Huntington Ingalls Industries had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $273.00 to $191.00. They now have a “hold” rating on the stock.
• 11/1/2024 – Huntington Ingalls Industries was downgraded by analysts at TD Cowen from a “buy” rating to a “hold” rating. They now have a $180.00 price target on the stock.
• 11/1/2024 – Huntington Ingalls Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/23/2024 – Huntington Ingalls Industries was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/10/2024 – Huntington Ingalls Industries was downgraded by analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating.
• 10/10/2024 – Huntington Ingalls Industries was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating. They now have a $275.00 price target on the stock.

Huntington Ingalls Industries Stock Performance

HII stock opened at $204.00 on Thursday. The stock’s 50 day simple moving average is $248.05 and its 200 day simple moving average is $254.76. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries, Inc. has a 12-month low of $184.29 and a 12-month high of $299.50. The firm has a market cap of $7.98 billion, a P/E ratio of 11.52, a P/E/G ratio of 1.74 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the company earned $3.70 earnings per share. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Huntington Ingalls Industries, Inc. will post 15.41 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 2.65%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 29.36%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after buying an additional 863,800 shares during the last quarter. AQR Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares during the period. FMR LLC increased its stake in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after acquiring an additional 187,411 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in Huntington Ingalls Industries in the third quarter worth $47,698,000. Finally, American Century Companies Inc. increased its stake in Huntington Ingalls Industries by 42.1% during the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after purchasing an additional 140,338 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.