Huntington Ingalls Industries, Inc. (NYSE:HII) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received a consensus rating of “Moderate Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $369.50.

A number of analysts have commented on the stock. The Goldman Sachs Group restated a “conviction-buy” rating and set a $406.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, October 30th. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective on the stock in a research note on Friday, July 31st. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Citigroup boosted their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Wells Fargo & Company upped their target price on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 4th.

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the sale, the chief executive officer owned 11,224 shares in the company, valued at $3,646,902.08. This represents a 53.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HII. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at $36,000. Eastern Bank purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at $26,000. Provenance Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 6,250.0% during the 3rd quarter. Provenance Wealth Advisors LLC now owns 127 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 125 shares in the last quarter. Bogart Wealth LLC increased its stake in shares of Huntington Ingalls Industries by 1,775.0% in the first quarter. Bogart Wealth LLC now owns 150 shares of the aerospace company’s stock worth $57,000 after acquiring an additional 142 shares during the last quarter. Finally, Latitude Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth $42,000. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Down 4.7%

NYSE:HII opened at $289.79 on Friday. Huntington Ingalls Industries has a 1 year low of $255.35 and a 1 year high of $460.00. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.11 and a beta of 0.17. The business has a fifty day moving average of $278.88 and a 200-day moving average of $333.88. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.26.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 29th. The aerospace company reported $5.48 earnings per share for the quarter, beating analysts’ consensus estimates of $4.36 by $1.12. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.38 billion. Huntington Ingalls Industries had a net margin of 5.42% and a return on equity of 13.95%. The company’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the business earned $3.68 earnings per share. Equities analysts predict that Huntington Ingalls Industries will post 18.82 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 11th. Stockholders of record on Friday, November 27th will be given a dividend of $1.41 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.38. The ex-dividend date is Friday, November 27th. This represents a $5.64 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries’s payout ratio is 29.71%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.