Huntington Ingalls Industries Inc (NYSE:HII) Given Average Rating of “Hold” by Analysts

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Shares of Huntington Ingalls Industries Inc (NYSE:HII) have been given an average recommendation of “Hold” by the fourteen research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $248.27.

Several equities analysts have weighed in on the company. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Buckingham Research reduced their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Bank of America reduced their price objective on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th.

In other Huntington Ingalls Industries news, VP Nicolas G. Schuck sold 500 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $204.46, for a total transaction of $102,230.00. Following the sale, the vice president now owns 2,640 shares in the company, valued at $539,774.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $228.68, for a total value of $428,546.32. Following the sale, the vice president now owns 34,033 shares in the company, valued at approximately $7,782,666.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,237 shares of company stock worth $924,894. Company insiders own 2.65% of the company’s stock.

Several large investors have recently bought and sold shares of the business. Piedmont Investment Advisors Inc. lifted its position in shares of Huntington Ingalls Industries by 1.7% during the first quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock worth $689,000 after acquiring an additional 55 shares in the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Huntington Ingalls Industries by 0.9% during the first quarter. Oppenheimer Asset Management Inc. now owns 6,483 shares of the aerospace company’s stock worth $1,342,000 after acquiring an additional 59 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Huntington Ingalls Industries by 6.0% in the first quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock worth $216,000 after buying an additional 59 shares in the last quarter. Commonwealth Bank of Australia raised its position in shares of Huntington Ingalls Industries by 1.1% in the second quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock worth $1,265,000 after buying an additional 62 shares in the last quarter. Finally, Advisor Partners LLC raised its position in shares of Huntington Ingalls Industries by 5.1% in the second quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 85.78% of the company’s stock.

HII traded down $0.17 on Tuesday, hitting $203.74. The company had a trading volume of 159,601 shares, compared to its average volume of 336,438. The stock’s fifty day simple moving average is $224.53. Huntington Ingalls Industries has a 1-year low of $173.80 and a 1-year high of $262.32. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. The company has a market capitalization of $8.70 billion, a PE ratio of 10.67 and a beta of 1.18.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.49). The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $5.40 earnings per share. Analysts expect that Huntington Ingalls Industries will post 14.1 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $3.44 annualized dividend and a dividend yield of 1.69%. Huntington Ingalls Industries’s dividend payout ratio is currently 18.02%.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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