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

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have received an average recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat reports. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $197.63.

A number of research analysts have commented on HII shares. TheStreet upgraded shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research note on Thursday, February 11th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $186.00 price objective for the company in a research report on Wednesday, February 17th. Finally, Sanford C. Bernstein boosted their price target on shares of Huntington Ingalls Industries from $193.00 to $229.00 and gave the company a “market perform” rating in a report on Monday, May 10th. They noted that the move was a valuation call.

In other news, Director Philip M. Bilden sold 15,809 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $217.60, for a total transaction of $3,440,038.40. Following the completion of the sale, the director now directly owns 2,419 shares in the company, valued at $526,374.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP D R. Wyatt sold 500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, June 3rd. The stock was sold at an average price of $216.30, for a total value of $108,150.00. Following the sale, the vice president now owns 20,025 shares of the company’s stock, valued at $4,331,407.50. The disclosure for this sale can be found here. Company insiders own 2.54% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Factorial Partners LLC boosted its position in Huntington Ingalls Industries by 26,406.7% in the first quarter. Factorial Partners LLC now owns 967,495 shares of the aerospace company’s stock valued at $4,700,000 after buying an additional 963,845 shares during the last quarter. BlackRock Inc. grew its holdings in Huntington Ingalls Industries by 27.1% in the 1st quarter. BlackRock Inc. now owns 4,391,163 shares of the aerospace company’s stock valued at $903,920,000 after buying an additional 935,704 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Huntington Ingalls Industries by 106.5% in the 4th quarter. Principal Financial Group Inc. now owns 725,934 shares of the aerospace company’s stock valued at $123,757,000 after buying an additional 374,417 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Huntington Ingalls Industries by 118.6% during the 4th quarter. Teacher Retirement System of Texas now owns 518,877 shares of the aerospace company’s stock worth $88,458,000 after purchasing an additional 281,553 shares during the period. Finally, Eaton Vance Management grew its holdings in shares of Huntington Ingalls Industries by 64.8% during the 1st quarter. Eaton Vance Management now owns 581,136 shares of the aerospace company’s stock worth $119,626,000 after purchasing an additional 228,538 shares during the period. Institutional investors and hedge funds own 88.16% of the company’s stock.

NYSE HII traded up $0.49 on Friday, hitting $221.24. 1,257 shares of the stock traded hands, compared to its average volume of 346,653. Huntington Ingalls Industries has a twelve month low of $136.44 and a twelve month high of $224.13. The stock has a market capitalization of $8.90 billion, a P/E ratio of 13.32 and a beta of 1.01. The company has a 50-day moving average price of $212.88. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, May 6th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.63 by $1.05. The business had revenue of $2.28 billion during the quarter, compared to analyst estimates of $2.23 billion. Huntington Ingalls Industries had a return on equity of 32.21% and a net margin of 7.17%. Huntington Ingalls Industries’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the company earned $4.23 earnings per share. Research analysts expect that Huntington Ingalls Industries will post 12.9 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Shareholders of record on Friday, May 28th will be paid a dividend of $1.14 per share. This represents a $4.56 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, May 27th. Huntington Ingalls Industries’s payout ratio is 45.60%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. 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.

See Also: When can a hold rating present a buying opportunity?

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.