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

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has been given an average rating of "Reduce" by the ten ratings firms that are covering the stock, MarketBeat.com reports. Two equities research 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 12 month target price among brokerages that have issued a report on the stock in the last year is $221.22.

A number of research firms have commented on HII. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. The Goldman Sachs Group decreased their price target 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research note on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research note on Friday, November 1st. Finally, TD Cowen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st.

Huntington Ingalls Industries Stock Up 6.0 %

Shares of HII stock traded up $9.72 during trading hours on Wednesday, hitting $170.99. 256,041 shares of the company were exchanged, compared to its average volume of 599,260. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 12.24, a P/E/G ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a one year low of $158.88 and a one year high of $299.50. The business's 50-day simple moving average is $189.54 and its two-hundred day simple moving average is $224.36. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, February 6th. The aerospace company reported $3.15 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%. Sell-side analysts predict that Huntington Ingalls Industries will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a yield of 3.16%. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 38.68%.

Insider Transactions at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein purchased 2,120 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, February 13th. The stock was bought at an average cost of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company's stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares during the period. Raiffeisen Bank International AG bought a new stake in Huntington Ingalls Industries in the fourth quarter worth about $36,000. Northwest Investment Counselors LLC bought a new stake in Huntington Ingalls Industries in the third quarter worth about $40,000. Truvestments Capital LLC bought a new stake in Huntington Ingalls Industries in the third quarter worth about $42,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $48,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Company Profile

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.