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

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned a consensus recommendation of “Reduce” from the ten brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $228.89.

HII has been the topic of several research analyst reports. Barclays decreased their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Bank of America decreased their target price on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $202.60 on Friday. The company has a market cap of $7.93 billion, a PE ratio of 11.44, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. 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 company has a 50-day simple moving average of $194.16 and a 200-day simple moving average of $234.29.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the business posted $3.70 earnings per share. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. On average, equities analysts anticipate that Huntington Ingalls Industries will post 14 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is a boost 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 2.67%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp increased its stake in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after buying an additional 6,253 shares during the last quarter. CWM LLC increased its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after buying an additional 3,088 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its stake in shares of Huntington Ingalls Industries by 63.0% in the fourth quarter. O Keefe Stevens Advisory Inc. now owns 3,465 shares of the aerospace company’s stock worth $655,000 after buying an additional 1,339 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Huntington Ingalls Industries by 45.3% in the third quarter. JPMorgan Chase & Co. now owns 305,947 shares of the aerospace company’s stock worth $80,886,000 after buying an additional 95,324 shares during the last quarter. Finally, Old North State Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 60.6% in the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after buying an additional 4,450 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

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.