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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has 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 1 year price objective among analysts that have updated their coverage on the stock in the last year is $233.13.

Several equities research analysts have recently weighed in on HII shares. Deutsche Bank Aktiengesellschaft lowered their price objective on 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. Barclays dropped their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th.

Huntington Ingalls Industries Trading Up 5.2 %

Shares of HII opened at $203.21 on Monday. The stock’s 50-day moving average price is $257.23 and its 200 day moving average price is $257.67. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $7.95 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.67 and a beta of 0.55. Huntington Ingalls Industries has a 12-month low of $184.29 and a 12-month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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 business had revenue of $2.75 billion for 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%. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. As a group, research analysts predict that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.66%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.36%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors have recently modified their holdings of HII. Natixis Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 82.4% during the third quarter. Natixis Advisors LLC now owns 71,481 shares of the aerospace company’s stock worth $18,898,000 after purchasing an additional 32,302 shares in the last quarter. CIBC Asset Management Inc boosted its position in Huntington Ingalls Industries by 7.8% during the 3rd quarter. CIBC Asset Management Inc now owns 5,753 shares of the aerospace company’s stock worth $1,521,000 after acquiring an additional 414 shares during the last quarter. ICICI Prudential Asset Management Co Ltd grew its stake in shares of Huntington Ingalls Industries by 83.6% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 35,584 shares of the aerospace company’s stock worth $9,408,000 after acquiring an additional 16,200 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.9% in the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock valued at $7,865,000 after purchasing an additional 561 shares during the last quarter. Finally, Verus Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $255,000. 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.