Deutsche Bank AG reaffirmed their buy rating on shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in a report issued on Wednesday morning. The firm currently has a $240.00 price objective on the aerospace company’s stock, up from their previous price objective of $230.00.
Other equities research analysts have also issued reports about the company. BidaskClub upgraded Huntington Ingalls Industries from a hold rating to a buy rating in a research note on Thursday, August 3rd. Zacks Investment Research upgraded Huntington Ingalls Industries from a hold rating to a buy rating and set a $222.00 price objective for the company in a research note on Monday, July 17th. Cowen and Company reiterated a hold rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a research note on Thursday, May 4th. Finally, Credit Suisse Group cut their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a neutral rating for the company in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Huntington Ingalls Industries presently has a consensus rating of Hold and an average price target of $205.00.
Shares of Huntington Ingalls Industries (NYSE HII) traded down 0.78% during mid-day trading on Wednesday, reaching $213.08. The company’s stock had a trading volume of 208,712 shares. Huntington Ingalls Industries has a 12-month low of $146.52 and a 12-month high of $220.68. The firm has a market cap of $9.68 billion, a P/E ratio of 17.41 and a beta of 1.18. The firm’s 50-day moving average price is $198.48 and its 200 day moving average price is $200.59.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.79 billion. During the same period in the previous year, the business earned $2.32 EPS. Huntington Ingalls Industries’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts expect that Huntington Ingalls Industries will post $11.46 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a $0.60 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.13%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 19.61%.
In other news, VP Jennifer R. Boykin sold 2,362 shares of the company’s stock in a transaction that occurred on Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total value of $462,952.00. Following the completion of the sale, the vice president now directly owns 6,425 shares in the company, valued at $1,259,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerri F. Dickseski sold 1,552 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $193.09, for a total value of $299,675.68. Following the completion of the sale, the vice president now owns 34,659 shares of the company’s stock, valued at $6,692,306.31. The disclosure for this sale can be found here. Insiders sold 4,764 shares of company stock valued at $930,588 over the last 90 days. Company insiders own 2.22% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Riverhead Capital Management LLC raised its stake in Huntington Ingalls Industries by 12.5% in the second quarter. Riverhead Capital Management LLC now owns 13,130 shares of the aerospace company’s stock worth $2,444,000 after buying an additional 1,460 shares during the period. Alliancebernstein L.P. raised its stake in Huntington Ingalls Industries by 4.4% in the second quarter. Alliancebernstein L.P. now owns 35,015 shares of the aerospace company’s stock worth $6,518,000 after buying an additional 1,470 shares during the period. Wells Fargo & Company MN raised its stake in Huntington Ingalls Industries by 6.9% in the second quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock worth $136,423,000 after buying an additional 47,379 shares during the period. Eaton Vance Management bought a new stake in Huntington Ingalls Industries during the second quarter worth about $248,000. Finally, AGF Investments Inc. raised its stake in Huntington Ingalls Industries by 2.2% in the second quarter. AGF Investments Inc. now owns 139,913 shares of the aerospace company’s stock worth $26,054,000 after buying an additional 3,022 shares during the period. Institutional investors and hedge funds own 85.98% of the company’s stock.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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