Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) PT at $228.89

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned an average rating of “Reduce” from the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $228.89.

Several research firms recently issued reports on HII. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research note on Friday, November 1st. Finally, Barclays dropped their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its position in Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after buying an additional 3,088 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at approximately $1,769,000. Old North State Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 60.6% during the 3rd quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $47,698,000. Finally, Citigroup Inc. lifted its stake in Huntington Ingalls Industries by 3.6% in the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock valued at $21,878,000 after purchasing an additional 2,847 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 $197.92 on Friday. The stock has a 50-day moving average price of $231.51 and a two-hundred day moving average price of $249.72. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a market cap of $7.74 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. 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 (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 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 in the prior year, the firm earned $3.70 EPS. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. Equities analysts forecast that Huntington Ingalls Industries will post 14.51 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.73%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.36%.

About Huntington Ingalls Industries

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.