Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $228.89

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has received a consensus rating of "Reduce" from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two 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 target price among brokers that have issued a report on the stock in the last year is $228.89.

A number of equities research analysts have recently weighed in on HII shares. The Goldman Sachs Group lowered their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Wolfe Research lowered shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Vertical Research lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Finally, Alembic Global Advisors lowered 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 report on Friday, November 1st.

Insiders Place Their Bets

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 value of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares of the company's stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.72% of the company's stock.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC grew its position in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company's stock worth $930,383,000 after buying an additional 187,411 shares during the period. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company's stock valued at $455,222,000 after purchasing an additional 863,800 shares during the last quarter. Geode Capital Management LLC grew its position in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company's stock valued at $268,520,000 after purchasing an additional 5,036 shares during the last quarter. AQR Capital Management LLC grew its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company's stock valued at $180,458,000 after purchasing an additional 215,362 shares during the last quarter. Finally, Earnest Partners LLC grew its position in Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company's stock valued at $157,326,000 after purchasing an additional 11,693 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Price Performance

HII stock traded up $1.56 during midday trading on Friday, reaching $202.58. The company had a trading volume of 640,650 shares, compared to its average volume of 505,985. The company has a market capitalization of $7.93 billion, a P/E ratio of 11.44, a P/E/G ratio of 1.71 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The firm has a 50-day moving average price of $193.77 and a 200-day moving average price of $235.61.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company's revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.70 earnings per share. On average, research analysts anticipate that Huntington Ingalls Industries will post 14.05 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.35 dividend. The ex-dividend date was Friday, November 29th. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.67%. Huntington Ingalls Industries's dividend payout ratio is 30.49%.

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.