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

Huntington Ingalls Industries, Inc. (NYSE:HII) has earned an average recommendation of “Reduce” from the ten ratings firms that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $221.22.

Several research firms have recently commented on HII. Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $169.96 on Wednesday. Huntington Ingalls Industries has a one year low of $158.88 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The firm’s 50 day moving average price is $189.12 and its 200-day moving average price is $223.70. The firm has a market cap of $6.65 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities research analysts predict that Huntington Ingalls Industries will post 15.14 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Insiders Place Their Bets

In other news, Director Thomas C. Schievelbein acquired 2,120 shares of the company’s stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $164.82 per share, with a total value of $349,418.40. Following the completion of the acquisition, the director now owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Rosenberg Matthew Hamilton boosted its stake in Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.4% in the third quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock valued at $939,000 after buying an additional 48 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after buying an additional 52 shares during the period. Inscription Capital LLC grew its holdings in shares of Huntington Ingalls Industries by 4.4% during the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock worth $346,000 after buying an additional 55 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Huntington Ingalls Industries by 17.8% in the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 57 shares during the period. Hedge funds and other institutional investors 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.