Bank of America set a $335.00 price target on Huntington Ingalls Industries (NYSE:HII) in a report published on Friday. The brokerage currently has a buy rating on the aerospace company’s stock.
Other research analysts also recently issued reports about the company. Credit Suisse Group upgraded Huntington Ingalls Industries from a neutral rating to an outperform rating and set a $241.00 target price on the stock in a research note on Friday. Cowen reiterated a buy rating and issued a $275.00 target price on shares of Huntington Ingalls Industries in a research note on Thursday. Zacks Investment Research upgraded Huntington Ingalls Industries from a hold rating to a buy rating and set a $266.00 target price on the stock in a research note on Thursday, January 11th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a hold rating to a buy rating in a research note on Sunday, December 31st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $250.88.
Huntington Ingalls Industries (NYSE HII) traded up $10.31 on Friday, reaching $265.70. The company’s stock had a trading volume of 980,915 shares, compared to its average volume of 547,114. The firm has a market capitalization of $11,437.84, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.28 and a beta of 1.15. Huntington Ingalls Industries has a 52 week low of $183.42 and a 52 week high of $267.23. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.38 and a current ratio of 1.58.
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, topping the consensus estimate of $2.93 by $0.18. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $1.94 billion. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.20 earnings per share. sell-side analysts predict that Huntington Ingalls Industries will post 13.35 earnings per share for the current fiscal year.
Huntington Ingalls Industries declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.72 dividend. The ex-dividend date is Thursday, February 22nd. This represents a $2.88 annualized dividend and a dividend yield of 1.08%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 27.56%.
In related news, Director Philip M. Bilden bought 2,200 shares of the stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $234.11 per share, for a total transaction of $515,042.00. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.22% of the company’s stock.
Several institutional investors have recently bought and sold shares of HII. Cerebellum GP LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $100,000. Howe & Rusling Inc. boosted its stake in shares of Huntington Ingalls Industries by 4,844.4% in the third quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock valued at $101,000 after buying an additional 436 shares in the last quarter. Welch Group LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $101,000. Toronto Dominion Bank boosted its stake in shares of Huntington Ingalls Industries by 6.8% in the second quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after buying an additional 36 shares in the last quarter. Finally, HL Financial Services LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $212,000. Hedge funds and other institutional investors own 82.45% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Huntington Ingalls Industries (HII) Given a $335.00 Price Target at Bank of America” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece of content on another domain, it was illegally copied and republished in violation of United States and international copyright and trademark legislation. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/02/17/huntington-ingalls-industries-hii-given-a-335-00-price-target-at-bank-of-america.html.
About Huntington Ingalls Industries
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.
Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.