Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $221.22 Average Target Price from Brokerages

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been assigned a consensus recommendation of "Reduce" from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $221.22.

Several research analysts have recently weighed in on the stock. Barclays cut their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. The Goldman Sachs Group dropped their price objective on Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating on the stock in a report on Monday, February 10th.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of HII traded down $1.65 during mid-day trading on Thursday, hitting $183.30. 826,301 shares of the company's stock were exchanged, compared to its average volume of 492,762. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $287.56. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 1.15 and a beta of 0.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The stock's 50-day moving average is $187.53 and its 200-day moving average is $205.38.

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Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $1.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.95%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insiders Place Their Bets

In related news, CAO Nicolas G. Schuck sold 750 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total value of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company's stock, valued at $546,691.04. The trade was a 20.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the business's stock in a transaction on Thursday, February 13th. The shares were acquired at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the completion of the acquisition, the director now directly owns 7,967 shares in the company, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Huntington Ingalls Industries by 75,182.7% during the first quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock valued at $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. D. E. Shaw & Co. Inc. increased its holdings in Huntington Ingalls Industries by 1,648.4% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after buying an additional 354,374 shares in the last quarter. River Road Asset Management LLC purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. raised its position in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock valued at $79,387,000 after buying an additional 239,688 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in Huntington Ingalls Industries by 4,900.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock worth $39,774,000 after purchasing an additional 206,271 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.