Huntington Ingalls Industries (HII) Earns Overweight Rating from Analysts at Barclays

Barclays started coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a research note issued to investors on Thursday morning, MarketBeat reports. The brokerage issued an overweight rating and a $309.00 price objective on the aerospace company’s stock.

A number of other research analysts have also commented on the stock. Sanford C. Bernstein restated a market perform rating and set a $271.00 price target (up from $242.00) on shares of Huntington Ingalls Industries in a research report on Tuesday, February 20th. ValuEngine upgraded shares of Huntington Ingalls Industries from a hold rating to a buy rating in a research report on Saturday, February 17th. Stifel Nicolaus restated a sell rating and set a $230.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, February 16th. Bank of America set a $335.00 price target on shares of Huntington Ingalls Industries and gave the company a buy rating in a research report on Friday, February 16th. Finally, Credit Suisse Group upgraded shares of Huntington Ingalls Industries from a neutral rating to an outperform rating and set a $241.00 price target for the company in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $266.67.

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Shares of HII stock opened at $257.76 on Thursday. The company has a current ratio of 1.58, a quick ratio of 1.45 and a debt-to-equity ratio of 0.73. Huntington Ingalls Industries has a 1 year low of $183.42 and a 1 year high of $276.69. The firm has a market cap of $11,544.04, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $2.93 by $0.18. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the business earned $4.20 EPS. sell-side analysts expect that Huntington Ingalls Industries will post 17.38 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.72 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.

In related news, Director Philip M. Bilden bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was bought at an average cost of $265.14 per share, for a total transaction of $1,060,560.00. Following the completion of the transaction, the director now owns 142 shares of the company’s stock, valued at $37,649.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Philip M. Bilden bought 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was bought at an average price of $254.50 per share, with a total value of $254,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. 2.22% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. IFC Holdings Incorporated FL grew its position in Huntington Ingalls Industries by 3.6% in the fourth quarter. IFC Holdings Incorporated FL now owns 6,434 shares of the aerospace company’s stock worth $1,523,000 after acquiring an additional 223 shares in the last quarter. Jane Street Group LLC grew its position in Huntington Ingalls Industries by 8.4% in the fourth quarter. Jane Street Group LLC now owns 3,631 shares of the aerospace company’s stock worth $856,000 after acquiring an additional 280 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Huntington Ingalls Industries by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 8,555 shares of the aerospace company’s stock worth $2,016,000 after acquiring an additional 284 shares in the last quarter. Comerica Bank grew its position in Huntington Ingalls Industries by 0.8% in the fourth quarter. Comerica Bank now owns 36,015 shares of the aerospace company’s stock worth $8,577,000 after acquiring an additional 286 shares in the last quarter. Finally, ProVise Management Group LLC grew its position in Huntington Ingalls Industries by 11.7% in the fourth quarter. ProVise Management Group LLC now owns 2,751 shares of the aerospace company’s stock worth $648,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 84.13% of the company’s stock.

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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.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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