Brokerages Set Huntington Ingalls Industries, Inc. (NYSE:HII) Target Price at $290.00

Huntington Ingalls Industries, Inc. (NYSE:HII) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $290.00.

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

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $260.66 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76. The company has a market cap of $10.28 billion, a P/E ratio of 14.69, a P/E/G ratio of 2.25 and a beta of 0.52. The stock has a 50-day moving average of $266.08 and a two-hundred day moving average of $261.87. Huntington Ingalls Industries has a 1-year low of $212.58 and a 1-year high of $299.50.

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

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued 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 payout ratio is currently 29.31%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares during the last quarter. American Century Companies Inc. grew its position in shares of Huntington Ingalls Industries by 42.1% in the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock valued at $116,706,000 after buying an additional 140,338 shares during the last quarter. Van ECK Associates Corp raised its stake in Huntington Ingalls Industries by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after acquiring an additional 126,654 shares in the last quarter. Sound Shore Management Inc. CT lifted its position in Huntington Ingalls Industries by 50.7% in the second quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock valued at $85,104,000 after acquiring an additional 116,180 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in Huntington Ingalls Industries by 50.9% in the second quarter. Hsbc Holdings PLC now owns 289,434 shares of the aerospace company’s stock valued at $71,418,000 after acquiring an additional 97,646 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.