Huntington Ingalls Industries (HII) Receives New Coverage from Analysts at Vertical Research

Vertical Research assumed coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a report published on Tuesday morning, MarketBeat reports. The brokerage issued a buy rating on the aerospace company’s stock.

Several other equities research analysts also recently weighed in on the company. Credit Suisse Group decreased their price target on Huntington Ingalls Industries from $301.00 to $259.00 and set an outperform rating for the company in a report on Tuesday, May 22nd. Citigroup raised Huntington Ingalls Industries from a neutral rating to a buy rating and set a $233.00 price target for the company in a report on Wednesday, May 9th. Zacks Investment Research downgraded Huntington Ingalls Industries from a hold rating to a sell rating in a report on Tuesday, May 8th. Stifel Nicolaus decreased their price target on Huntington Ingalls Industries from $230.00 to $200.00 and set a sell rating for the company in a report on Friday, May 4th. Finally, Wells Fargo & Co raised Huntington Ingalls Industries from a market perform rating to an outperform rating in a report on Friday, May 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $265.33.

Shares of Huntington Ingalls Industries opened at $215.80 on Tuesday, according to MarketBeat. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.51 and a quick ratio of 1.38. 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 $9.46 billion, a P/E ratio of 17.78, a P/E/G ratio of 0.88 and a beta of 0.97.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The company had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business earned $2.56 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 8.5% compared to the same quarter last year. sell-side analysts predict that Huntington Ingalls Industries will post 16.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 8th. Shareholders of record on Friday, May 25th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Thursday, May 24th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 23.72%.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 1,000 shares of the firm’s stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $222.67, for a total value of $222,670.00. Following the completion of the sale, the vice president now owns 20,170 shares of the company’s stock, valued at $4,491,253.90. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Stephen R. Wilson bought 460 shares of Huntington Ingalls Industries stock in a transaction on Monday, May 7th. The stock was acquired at an average cost of $216.46 per share, with a total value of $99,571.60. Following the acquisition, the director now owns 460 shares of the company’s stock, valued at approximately $99,571.60. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,460 shares of company stock valued at $535,902. 2.22% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the company. Whittier Trust Co. increased its position in shares of Huntington Ingalls Industries by 113.1% in the first quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock valued at $121,000 after buying an additional 250 shares in the last quarter. Pettee Investors Inc. increased its position in shares of Huntington Ingalls Industries by 5.8% in the first quarter. Pettee Investors Inc. now owns 4,633 shares of the aerospace company’s stock valued at $1,194,000 after buying an additional 253 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Huntington Ingalls Industries by 4.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 6,611 shares of the aerospace company’s stock valued at $1,704,000 after buying an additional 267 shares in the last quarter. Jane Street Group LLC increased its position in shares of 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 valued at $856,000 after buying an additional 280 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Huntington Ingalls Industries by 10.0% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,070 shares of the aerospace company’s stock valued at $791,000 after buying an additional 280 shares in the last quarter. Institutional investors and hedge funds own 86.64% 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.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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