Huntington Ingalls Industries, Inc. (NYSE:HII) Given Consensus Rating of "Reduce" by Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been assigned a consensus rating of "Reduce" from the ten ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $228.89.

A number of equities research analysts have weighed in on the company. Bank of America lowered their price objective on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research note on Wednesday, November 13th. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and increased their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Finally, Vertical Research lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction 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 Trading of Huntington Ingalls Industries

Hedge funds have recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Rothschild Investment LLC bought a new stake in shares of Huntington Ingalls Industries during the second quarter valued at about $37,000. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries in the third quarter worth about $40,000. Truvestments Capital LLC bought a new position in Huntington Ingalls Industries in the 3rd quarter valued at about $42,000. Finally, UMB Bank n.a. increased its stake in Huntington Ingalls Industries by 78.3% during the 2nd quarter. UMB Bank n.a. now owns 189 shares of the aerospace company's stock valued at $47,000 after buying an additional 83 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Stock Up 1.1 %

Shares of NYSE:HII traded up $2.05 during mid-day trading on Tuesday, hitting $192.46. 142,010 shares of the company traded hands, compared to its average volume of 370,068. The firm's 50 day simple moving average is $208.43 and its 200 day simple moving average is $242.41. The firm has a market cap of $7.53 billion, a P/E ratio of 10.87, a PEG ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company's revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 EPS. On average, equities analysts anticipate that Huntington Ingalls Industries will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were paid a $1.35 dividend. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries's payout ratio is presently 30.49%.

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.