Huntington Ingalls Industries, Inc. (NYSE:HII) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $264.4286.

Several equities research analysts have recently weighed in on the company. Barclays upped their target price 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. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 14th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their price target for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Finally, Bank of America lifted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in Huntington Ingalls Industries by 1.6% in the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock valued at $252,403,000 after purchasing an additional 16,236 shares during the last quarter. Earnest Partners LLC boosted its stake in Huntington Ingalls Industries by 7.5% during the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock valued at $182,443,000 after acquiring an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Huntington Ingalls Industries by 26.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock valued at $148,686,000 after acquiring an additional 150,204 shares during the last quarter. Bank of America Corp DE boosted its stake in Huntington Ingalls Industries by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock valued at $160,919,000 after acquiring an additional 25,737 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its stake in Huntington Ingalls Industries by 27.3% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after acquiring an additional 114,635 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $286.09 on Thursday. The stock has a 50-day moving average price of $270.77 and a two-hundred day moving average price of $241.56. Huntington Ingalls Industries has a 12-month low of $158.88 and a 12-month high of $293.14. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. The company has a market cap of $11.23 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 1.65 and a beta of 0.38.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $4.38 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 12th. Investors of record on Friday, August 29th were issued a $1.35 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.40 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is currently 40.42%.

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.