Huntington Ingalls Industries, Inc. (NYSE:HII) Receives $290.00 Average Target Price from Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given a consensus recommendation of “Hold” by the five research firms that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $290.00.

HII has been the subject of several analyst reports. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $260.66 on Thursday. The company’s 50 day simple moving average is $266.08 and its 200-day simple moving average is $261.87. The firm has a market cap of $10.28 billion, a PE ratio of 14.69, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries has a 12-month low of $212.58 and a 12-month high of $299.50. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

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

Huntington Ingalls Industries Announces Dividend

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

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth $26,000. Kathleen S. Wright Associates Inc. acquired a new position in Huntington Ingalls Industries during the third quarter worth about $29,000. American National Bank purchased a new position in Huntington Ingalls Industries in the first quarter valued at about $30,000. Riverview Trust Co acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.