Huntington Ingalls Industries (NYSE:HII) Price Target Increased to $300.00 by Analysts at UBS Group

Huntington Ingalls Industries (NYSE:HII) had its price target boosted by UBS Group from $275.00 to $300.00 in a research report released on Friday, Stock Target Advisor reports. UBS Group currently has a buy rating on the aerospace company’s stock.

HII has been the subject of several other reports. ValuEngine raised Huntington Ingalls Industries from a sell rating to a hold rating in a report on Wednesday, October 2nd. Alembic Global Advisors raised Huntington Ingalls Industries from a neutral rating to an overweight rating in a report on Monday, August 5th. Buckingham Research reduced their price target on Huntington Ingalls Industries from $295.00 to $265.00 and set a buy rating for the company in a report on Thursday, August 8th. Finally, Bank of America reduced their price target on Huntington Ingalls Industries from $305.00 to $275.00 and set a buy rating for the company in a report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $249.30.

Huntington Ingalls Industries stock traded up $0.76 during mid-day trading on Friday, reaching $251.21. 450,488 shares of the company were exchanged, compared to its average volume of 312,075. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $254.14. The firm’s 50-day simple moving average is $216.46 and its two-hundred day simple moving average is $216.34. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.05 and a current ratio of 1.12. The firm has a market cap of $9.56 billion, a PE ratio of 13.16 and a beta of 1.19.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 42.07% and a net margin of 8.04%. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. During the same period last year, the firm earned $5.29 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, equities research analysts anticipate that Huntington Ingalls Industries will post 13.95 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be issued a $1.03 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. This represents a $4.12 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, November 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 18.02%.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the sale, the vice president now directly owns 33,888 shares of the company’s stock, valued at approximately $6,947,040. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.65% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Quest Capital Management Inc. ADV acquired a new position in Huntington Ingalls Industries during the third quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth $30,000. Zions Bancorporation N.A. raised its holdings in Huntington Ingalls Industries by 1,260.0% during the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 126 shares during the last quarter. Bridger Capital Management LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth $33,000. Finally, Doyle Wealth Management acquired a new position in Huntington Ingalls Industries during the second quarter worth $38,000. 85.82% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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