Analysts Set Huntington Ingalls Industries, Inc. (NYSE:HII) PT at $221.22

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned a consensus recommendation of “Reduce” from the ten ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $221.22.

Several equities research analysts have commented on HII shares. Deutsche Bank Aktiengesellschaft decreased their target price 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. Alembic Global Advisors lowered 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. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a research report on Monday, February 10th. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a research note on Friday, November 1st. Finally, StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

NYSE:HII opened at $161.50 on Wednesday. The firm’s fifty day moving average price is $190.18 and its 200 day moving average price is $225.86. Huntington Ingalls Industries has a 1-year low of $158.88 and a 1-year high of $299.50. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The firm has a market cap of $6.32 billion, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. On average, sell-side analysts expect that Huntington Ingalls Industries will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Insider Activity at Huntington Ingalls Industries

In other news, Director Thomas C. Schievelbein bought 2,120 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $164.82 per share, with a total value of $349,418.40. Following the purchase, the director now owns 7,967 shares of the company’s stock, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in shares of Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 131 shares during the period. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $42,000. Wingate Wealth Advisors Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter worth approximately $48,000. Finally, Bruce G. Allen Investments LLC boosted its holdings in Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds 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.