Huntington Ingalls Industries Inc. (NYSE:HII) shares traded 0.58% higher at $209.16 on Wall Street last session.
In accordance with the data, 12 analysts cover Huntington Ingalls Industries Inc. (NYSE:HII). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $300.00 and a low of $179.00, we find $241.00. Given the previous closing price of $207.96, this indicates a potential upside of 15.89 percent. HII stock price is now -5.14% away from the 50-day moving average and -7.07% away from the 200-day moving average. The market capitalization of the company currently stands at $8.42B.
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It has been rated a hold by 5 analysts and a buy by 4. Brokers who have rated the stock have averaged $248.55 as their price target over the next twelve months.
With the price target maintained at $270, Barclays recently Upgraded its rating from Equal Weight to Overweight for Huntington Ingalls Industries Inc. (NYSE: HII). On November 11, 2022, BofA Securities Downgraded its previous ‘Neutral’ rating to ‘Underperform’ on the stock keeping its target price maintained at $230, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
In other news, Schuck Nicolas G, Corp VP, Controller & CAO sold 1,118 shares of the company’s stock on Mar 02. The stock was sold for $242,872 at an average price of $217.16. Upon completion of the transaction, the Corp VP, Controller & CAO now directly owns 1,781 shares in the company, valued at $0.37 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 01, Ex VP, Pres. HII Mission Tech Green Edgar A III sold 1,717 shares of the business’s stock. A total of $369,086 was realized by selling the stock at an average price of $214.96. This leaves the insider owning 5,982 shares of the company worth $1.25 million. Insiders disposed of 18,874 shares of company stock worth roughly $3.95 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HII stock. A new stake in Huntington Ingalls Industries Inc. shares was purchased by HARVEY PARTNERS, LLC during the first quarter worth $12,027,000. AGF MANAGEMENT LTD invested $8,944,000 in shares of HII during the first quarter. In the first quarter, MORAN WEALTH MANAGEMENT, LLC acquired a new stake in Huntington Ingalls Industries Inc. valued at approximately $6,762,000. BROOKFIELD CORP /ON/ acquired a new stake in HII for approximately $6,365,000. GREENLAND CAPITAL MANAGEMENT LP purchased a new stake in HII valued at around $5,836,000 in the second quarter. In total, there are 767 active investors with 89.20% ownership of the company’s stock.
Huntington Ingalls Industries Inc. (NYSE: HII) opened at $205.75 on Monday. During the past 12 months, Huntington Ingalls Industries Inc. has had a low of $189.76 and a high of $260.02. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 0.90, and a quick ratio of 0.90. The fifty day moving average price for HII is $220.49 and a two-hundred day moving average price translates $225.06 for the stock.
The latest earnings results from Huntington Ingalls Industries Inc. (NYSE: HII) was released for Sep, 2022. According to the Aerospace & Defense Company, earnings per share came in at $3.07, missing analysts’ expectations of $3.29 by -0.22. This compares to $2.97 EPS in the same period last year. The net profit margin was 5.40% and return on equity was 18.80% for HII. The company reported revenue of $2.81 billion for the quarter, compared to $2.68 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.04 percent. For the current quarter, analysts expect HII to generate $2.61B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 03/10/2023. Investors who held shares on 02/24/2023 were paid a $1.24 dividend. On an annualized basis, this represents a $4.96 dividend and a 2.37% percent yield. There was an ex-dividend date of 02/23/2023 for this dividend. In terms of dividend payout ratio, HII is presently at 33.10%.
Huntington Ingalls Industries Inc.(HII) Company Profile
Huntington Ingalls Industries, Inc. engages in 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; expeditionary warfare ships; surface combatants; and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of ships. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in-service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.
