Huntington Ingalls Industries, Inc. (NYSE:HII – Get Free Report) has been given a consensus recommendation of “Reduce” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $228.89.
A number of equities research analysts have recently issued reports on HII shares. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st.
View Our Latest Analysis on HII
Insider Buying and Selling at Huntington Ingalls Industries
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Tidal Investments LLC boosted its holdings in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock valued at $539,000 after buying an additional 308 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $153,000. Fulcrum Equity Management boosted its holdings in shares of Huntington Ingalls Industries by 3.9% in the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company’s stock valued at $559,000 after buying an additional 79 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $1,838,000. Finally, Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Huntington Ingalls Industries by 2,710.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 88,435 shares of the aerospace company’s stock valued at $23,381,000 after buying an additional 85,288 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.
Huntington Ingalls Industries Stock Performance
NYSE:HII opened at $191.81 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 1.85 and a beta of 0.55. The company’s 50-day moving average is $230.04 and its two-hundred day moving average is $249.28. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.70 earnings per share. Analysts forecast that Huntington Ingalls Industries will post 14.31 EPS for the current year.
Huntington Ingalls Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $1.35 dividend. 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 dividend yield of 2.82%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.
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.
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