Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $388.50 Average Target Price from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given a consensus rating of “Hold” by the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $388.50.

A number of analysts have weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Citigroup dropped their target price on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target for the company. Finally, Wall Street Zen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $292.97 on Tuesday. Huntington Ingalls Industries has a twelve month low of $215.04 and a twelve month high of $460.00. The company’s 50 day moving average is $352.10 and its 200 day moving average is $371.36. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52. The company has a market cap of $11.54 billion, a PE ratio of 19.06, a price-to-earnings-growth ratio of 1.24 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. Huntington Ingalls Industries’s quarterly revenue was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.79 EPS. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 17.32 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a yield of 1.9%. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction 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 in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of Huntington Ingalls Industries

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in Huntington Ingalls Industries by 27.5% during the 1st quarter. Parallel Advisors LLC now owns 724 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 156 shares during the period. NewEdge Advisors LLC boosted its stake in Huntington Ingalls Industries by 1.8% during the 1st quarter. NewEdge Advisors LLC now owns 12,133 shares of the aerospace company’s stock worth $4,609,000 after purchasing an additional 214 shares during the period. Optiver Holding B.V. acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth $76,000. Axiom Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth $1,478,000. Finally, Summitry LLC boosted its stake in Huntington Ingalls Industries by 23.1% during the 1st quarter. Summitry LLC now owns 1,291 shares of the aerospace company’s stock worth $490,000 after purchasing an additional 242 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.