Huntington Ingalls Industries, Inc. (NYSE:HII) has been given an average recommendation of “Hold” by the ten analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $195.17.
A number of research firms have weighed in on HII. BidaskClub raised shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 15th. Credit Suisse Group dropped their price objective on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a research note on Monday, May 15th. Zacks Investment Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 8th. Cowen and Company reaffirmed a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Finally, Citigroup Inc. lowered shares of Huntington Ingalls Industries from a “buy” rating to a “neutral” rating and set a $220.00 price target on the stock. in a research report on Wednesday, March 1st.
Shares of Huntington Ingalls Industries (NYSE:HII) traded up 0.70% during midday trading on Tuesday, reaching $186.84. 626,993 shares of the company’s stock traded hands. Huntington Ingalls Industries has a 52-week low of $146.52 and a 52-week high of $220.68. The firm has a market cap of $8.60 billion, a PE ratio of 15.78 and a beta of 1.17. The company has a 50 day moving average of $194.04 and a 200 day moving average of $197.85.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 4th. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $2.72 by $0.16. Huntington Ingalls Industries had a net margin of 7.91% and a return on equity of 29.05%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $2.38 earnings per share. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. On average, equities analysts predict that Huntington Ingalls Industries will post $11.15 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, May 24th. Huntington Ingalls Industries’s payout ratio is currently 20.29%.
In other news, VP Christopher D. Kastner purchased 4,183 shares of the company’s stock in a transaction that occurred on Wednesday, May 24th. The shares were bought at an average cost of $189.40 per share, with a total value of $792,260.20. Following the completion of the transaction, the vice president now directly owns 39,464 shares of the company’s stock, valued at $7,474,481.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher D. Kastner sold 12,665 shares of the firm’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $189.42, for a total transaction of $2,399,004.30. Following the transaction, the vice president now directly owns 39,581 shares in the company, valued at $7,497,433.02. The disclosure for this sale can be found here. Insiders have sold 13,657 shares of company stock worth $2,595,364 over the last three months. 2.22% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HII. Commerzbank Aktiengesellschaft FI purchased a new position in Huntington Ingalls Industries during the fourth quarter worth $330,000. State Board of Administration of Florida Retirement System increased its stake in Huntington Ingalls Industries by 2.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 68,864 shares of the aerospace company’s stock worth $12,684,000 after buying an additional 1,583 shares during the period. Van ECK Associates Corp bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $117,000. Tredje AP fonden bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $505,000. Finally, Asset Management One Co. Ltd. bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $15,938,000. 87.54% of the stock is currently owned by institutional investors.
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About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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