Vertical Research Begins Coverage on Huntington Ingalls Industries (HII)

Share on StockTwits

Vertical Research started coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a report released on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating on the aerospace company’s stock.

Several other research analysts have also recently commented on the stock. Credit Suisse Group decreased their target price on shares of Huntington Ingalls Industries from $335.00 to $328.00 and set an outperform rating for the company in a research report on Monday, April 16th. Zacks Investment Research cut shares of Huntington Ingalls Industries from a buy rating to a hold rating in a research report on Tuesday, April 24th. Barclays started coverage on shares of Huntington Ingalls Industries in a research report on Thursday, March 29th. They issued an overweight rating and a $309.00 target price for the company. Citigroup upgraded shares of Huntington Ingalls Industries from a neutral rating to a buy rating and set a $233.00 target price for the company in a research report on Wednesday, May 9th. Finally, Wells Fargo & Co upgraded shares of Huntington Ingalls Industries from a market perform rating to an outperform rating in a research report on Friday, May 4th. Two research 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. Huntington Ingalls Industries presently has an average rating of Buy and an average price target of $265.33.

HII opened at $216.79 on Tuesday. The stock has a market cap of $9.60 billion, a P/E ratio of 16.51, a price-to-earnings-growth ratio of 0.89 and a beta of 0.97. Huntington Ingalls Industries has a fifty-two week low of $184.64 and a fifty-two week high of $276.69. The company has a current ratio of 1.51, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the 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 business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same quarter last year, the company earned $2.56 EPS. Huntington Ingalls Industries’s revenue 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 business also recently disclosed a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Friday, May 25th were issued a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, May 24th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 23.72%.

In related news, VP Edgar A. Green III acquired 1,000 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was acquired at an average cost of $220.98 per share, for a total transaction of $220,980.00. Following the completion of the acquisition, the vice president now directly owns 6,565 shares of the company’s stock, valued at approximately $1,450,733.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Stephen R. Wilson acquired 460 shares of the firm’s stock in a transaction dated Monday, May 7th. The stock was bought at an average price of $216.46 per share, with a total value of $99,571.60. Following the completion of the acquisition, the director now directly owns 460 shares of the company’s stock, valued at $99,571.60. The disclosure for this purchase can be found here. Insiders bought 2,460 shares of company stock valued at $535,902 over the last quarter. Insiders own 2.22% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of Huntington Ingalls Industries by 4.6% in the first quarter. Wells Fargo & Company MN now owns 727,735 shares of the aerospace company’s stock valued at $187,580,000 after acquiring an additional 31,975 shares in the last quarter. Boston Partners boosted its holdings in Huntington Ingalls Industries by 6.7% during the first quarter. Boston Partners now owns 575,123 shares of the aerospace company’s stock worth $148,244,000 after buying an additional 36,203 shares in the last quarter. Northern Trust Corp boosted its holdings in Huntington Ingalls Industries by 11.4% during the first quarter. Northern Trust Corp now owns 550,536 shares of the aerospace company’s stock worth $141,906,000 after buying an additional 56,232 shares in the last quarter. Millennium Management LLC boosted its holdings in Huntington Ingalls Industries by 537.7% during the first quarter. Millennium Management LLC now owns 354,169 shares of the aerospace company’s stock worth $91,291,000 after buying an additional 298,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Huntington Ingalls Industries by 5.0% during the first quarter. Dimensional Fund Advisors LP now owns 316,907 shares of the aerospace company’s stock worth $81,686,000 after buying an additional 15,202 shares in the last quarter. Institutional investors and hedge funds own 86.64% of the company’s stock.

Huntington Ingalls Industries Company Profile

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)

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.

Leave a Reply