Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) Price Target at $241.88

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) have been given a consensus rating of "Hold" by the nine brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $233.13.

HII has been the subject of several analyst reports. Wolfe Research downgraded Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a research note on Friday. Vertical Research lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. The Goldman Sachs Group lowered their target price 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. Finally, Barclays cut their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating on the stock in a research note on Monday.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HII. Norden Group LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at $600,000. First Trust Direct Indexing L.P. purchased a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $210,000. Private Advisor Group LLC increased its position in shares of Huntington Ingalls Industries by 239.2% during the first quarter. Private Advisor Group LLC now owns 4,352 shares of the aerospace company's stock worth $1,269,000 after acquiring an additional 3,069 shares during the last quarter. Mission Wealth Management LP acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $214,000. Finally, BNP Paribas Financial Markets boosted its holdings in Huntington Ingalls Industries by 18.6% in the first quarter. BNP Paribas Financial Markets now owns 79,585 shares of the aerospace company's stock valued at $23,197,000 after purchasing an additional 12,495 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

Shares of HII traded up $1.81 during trading hours on Monday, reaching $191.04. 849,569 shares of the company traded hands, compared to its average volume of 324,798. The stock has a market capitalization of $7.49 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.56. The stock has a fifty day simple moving average of $260.62 and a 200 day simple moving average of $258.77. Huntington Ingalls Industries has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business's quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.70 earnings per share. As a group, research analysts predict that Huntington Ingalls Industries will post 16.49 EPS for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.35 dividend. This is an increase from Huntington Ingalls Industries's previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.83%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio is currently 29.36%.

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.