Huntington Ingalls Industries Inc (NYSE:HII) Receives $253.91 Average Target Price from Analysts
Shares of Huntington Ingalls Industries Inc (NYSE:HII) have been assigned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $253.91.
A number of equities research analysts have weighed in on HII shares. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, March 11th. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 28th.
In other news, VP Edgar A. Green III sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $205.66, for a total value of $102,830.00. Following the transaction, the vice president now directly owns 10,137 shares of the company’s stock, valued at approximately $2,084,775.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William R. Ermatinger sold 1,863 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $211.55, for a total value of $394,117.65. Following the completion of the transaction, the vice president now directly owns 35,020 shares in the company, valued at $7,408,481. The disclosure for this sale can be found here. Insiders have sold 3,405 shares of company stock worth $721,128 over the last ninety days. Company insiders own 2.65% of the company’s stock.
HII stock traded down $0.25 during trading on Monday, reaching $222.65. 219,531 shares of the stock were exchanged, compared to its average volume of 340,535. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $262.32. The firm has a market capitalization of $9.26 billion, a P/E ratio of 11.66 and a beta of 1.17. The business’s 50 day simple moving average is $211.04. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share for the quarter, missing analysts’ consensus estimates of $3.27 by ($0.42). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $3.48 earnings per share. Equities research analysts expect that Huntington Ingalls Industries will post 14.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date was Thursday, May 23rd. Huntington Ingalls Industries’s payout ratio is 18.02%.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the 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 that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
Recommended Story: Recession
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.