Huntington Ingalls Industries (NYSE:HII) Trading 6.1% Higher - Time to Buy?

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) shot up 6.1% on Friday . The company traded as high as $169.68 and last traded at $169.48. 983,673 shares changed hands during mid-day trading, an increase of 77% from the average session volume of 554,536 shares. The stock had previously closed at $159.75.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HII. Barclays dropped their price target on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating for the company in a research report on Monday. The Goldman Sachs Group dropped 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 research report on Monday. TD Cowen downgraded shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 price target for the company. 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. Finally, Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $221.22.

Huntington Ingalls Industries Trading Down 0.2 %

The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 12.03, a P/E/G 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. The firm's 50-day simple moving average is $192.33 and its 200 day simple moving average is $228.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share 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%. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.22%. Huntington Ingalls Industries's payout ratio is presently 38.68%.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. grew its stake in shares of Huntington Ingalls Industries by 5.3% in the fourth quarter. Prudential Financial Inc. now owns 30,608 shares of the aerospace company's stock worth $5,784,000 after purchasing an additional 1,529 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Stevens Capital Management LP bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter worth $393,000. LPL Financial LLC grew its stake in shares of Huntington Ingalls Industries by 88.3% in the fourth quarter. LPL Financial LLC now owns 118,183 shares of the aerospace company's stock worth $22,333,000 after purchasing an additional 55,436 shares during the last quarter. Finally, Sei Investments Co. grew its stake in shares of Huntington Ingalls Industries by 32.4% in the fourth quarter. Sei Investments Co. now owns 445,926 shares of the aerospace company's stock worth $84,269,000 after purchasing an additional 109,134 shares during the last quarter. Institutional investors 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.