Shares of Huntington Ingalls Industries Inc (NYSE:HII) have received a consensus rating of “Buy” from the fourteen brokerages that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $270.55.

HII has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 price objective for the company in a research note on Friday, August 3rd. Cowen restated a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. UBS Group initiated coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective for the company. Credit Suisse Group reduced their price objective on shares of Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating for the company in a research note on Tuesday, May 22nd. Finally, Seaport Global Securities assumed coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 price target for the company.

NYSE:HII opened at $257.49 on Friday. The stock has a market cap of $10.96 billion, a price-to-earnings ratio of 16.57, a PEG ratio of 0.98 and a beta of 1.00. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.43 and a quick ratio of 1.31. Huntington Ingalls Industries has a fifty-two week low of $201.91 and a fifty-two week high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 2nd. The aerospace company reported $5.40 earnings per share for the quarter, beating analysts’ consensus estimates of $4.21 by $1.19. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.88 billion. Huntington Ingalls Industries had a net margin of 7.84% and a return on equity of 39.78%. Huntington Ingalls Industries’s revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $3.21 EPS. equities research analysts expect that Huntington Ingalls Industries will post 17.24 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio is presently 23.72%.

In other news, VP Jerri F. Dickseski sold 270 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, July 10th. The shares were sold at an average price of $225.00, for a total value of $60,750.00. Following the completion of the sale, the vice president now directly owns 35,291 shares in the company, valued at $7,940,475. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.32% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank grew its stake in shares of Huntington Ingalls Industries by 814.3% in the first quarter. Toronto Dominion Bank now owns 24,467 shares of the aerospace company’s stock worth $6,306,000 after acquiring an additional 21,791 shares during the period. Global Financial Private Capital LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $402,000. Virtu Financial LLC purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $234,000. Asset Management One Co. Ltd. boosted its holdings in shares of Huntington Ingalls Industries by 4.1% in the first quarter. Asset Management One Co. Ltd. now owns 73,359 shares of the aerospace company’s stock worth $18,909,000 after buying an additional 2,918 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $11,238,000. Hedge funds and other institutional investors own 85.60% of the company’s stock.

About Huntington Ingalls Industries

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.

Further Reading: Return on Investment (ROI)

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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