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

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) has earned a consensus rating of "Reduce" from the ten analysts that are currently covering the company, MarketBeat reports. Two 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 price target among analysts that have updated their coverage on the stock in the last year is $221.22.

HII has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. StockNews.com downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. Finally, 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.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $0.68 during mid-day trading on Wednesday, hitting $161.50. The company's stock had a trading volume of 847,960 shares, compared to its average volume of 546,445. The firm has a 50-day moving average price of $190.18 and a 200 day moving average price of $225.48. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data 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 predict that Huntington Ingalls Industries will post 15.14 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries's payout ratio is currently 38.68%.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein acquired 2,120 shares of the company's stock in a transaction dated Thursday, February 13th. The stock was bought at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently made changes to their positions in the business. Rosenberg Matthew Hamilton raised its stake in shares of Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company's stock valued at $139,000 after buying an additional 40 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 1.4% during the 3rd 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 in the last quarter. Yousif Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after purchasing an additional 52 shares in the last quarter. Inscription Capital LLC increased its position in shares of Huntington Ingalls Industries by 4.4% during the 3rd quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company's stock worth $346,000 after purchasing an additional 55 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Huntington Ingalls Industries by 17.8% during the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company's stock worth $100,000 after purchasing an additional 57 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

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.