Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $221.22

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) have been assigned an average rating of "Reduce" from the ten brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $221.22.

A number of brokerages recently weighed in on HII. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a "sell" rating for the company in a report on Monday, February 10th. Bank of America dropped their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a report on Wednesday, November 13th. Finally, Barclays reduced their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th.

Insider Buying and Selling

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

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. QRG Capital Management Inc. lifted its stake in Huntington Ingalls Industries by 1.4% in the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company's stock worth $939,000 after purchasing an additional 48 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after buying an additional 52 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Huntington Ingalls Industries by 0.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after acquiring an additional 66 shares during the period. MML Investors Services LLC grew its position in Huntington Ingalls Industries by 0.6% in the 3rd quarter. MML Investors Services LLC now owns 11,363 shares of the aerospace company's stock valued at $3,004,000 after acquiring an additional 71 shares during the last quarter. Finally, 1834 Investment Advisors Co. increased its stake in Huntington Ingalls Industries by 3.9% in the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company's stock worth $365,000 after purchasing an additional 73 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Down 1.1 %

HII stock opened at $194.86 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average of $185.88 and a 200 day moving average of $214.77. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $294.81. The firm has a market cap of $7.65 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.49.

Remove Ads

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.