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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been assigned a consensus recommendation of “Hold” from the five research firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $290.00.

A number of equities analysts have issued reports on HII shares. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th.

Huntington Ingalls Industries Stock Up 0.6 %

Huntington Ingalls Industries stock opened at $260.84 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $10.29 billion, a P/E ratio of 14.70, a P/E/G ratio of 2.25 and a beta of 0.52. The stock’s fifty day simple moving average is $265.88 and its 200-day simple moving average is $262.11. Huntington Ingalls Industries has a twelve month low of $212.58 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping the consensus estimate of $3.61 by $0.77. The business had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.27 EPS. As a group, equities analysts expect that Huntington Ingalls Industries will post 16.56 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $1.30 dividend. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 1.99%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its position in shares of Huntington Ingalls Industries by 16.1% during the second quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after buying an additional 126,654 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after acquiring an additional 215,362 shares during the period. Earnest Partners LLC grew its holdings in shares of Huntington Ingalls Industries by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after purchasing an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Huntington Ingalls Industries by 8.5% during the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after purchasing an additional 40,942 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Huntington Ingalls Industries by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after purchasing an additional 13,439 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

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.