Huntington Ingalls Industries, Inc. (NYSE:HII) Receives Consensus Recommendation of “Reduce” from Analysts

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned a consensus rating of “Reduce” from the ten brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $228.89.

HII has been the subject of a number of research analyst reports. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report 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. The Goldman Sachs Group decreased 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. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. Finally, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.72% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Huntington Ingalls Industries by 7.4% during the third quarter. Principal Financial Group Inc. now owns 139,248 shares of the aerospace company’s stock worth $36,812,000 after purchasing an additional 9,634 shares during the period. Tidal Investments LLC increased its stake in Huntington Ingalls Industries by 17.8% during the 3rd quarter. Tidal Investments LLC now owns 2,040 shares of the aerospace company’s stock worth $539,000 after acquiring an additional 308 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at $153,000. Fulcrum Equity Management lifted its position in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Fulcrum Equity Management now owns 2,114 shares of the aerospace company’s stock valued at $559,000 after acquiring an additional 79 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $1,838,000. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $190.41 on Tuesday. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The company has a 50 day moving average of $211.17 and a 200-day moving average of $243.24. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.45 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 1.86 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business earned $3.70 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, equities analysts forecast that Huntington Ingalls Industries will post 14.01 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.84%. Huntington Ingalls Industries’s payout ratio is 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.