Huntington Ingalls Industries (HII) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a research report report published on Monday, MarketBeat.com reports. The brokerage issued a neutral rating and a $230.00 price target on the aerospace company’s stock.

Several other equities research analysts also recently commented on HII. Buckingham Research started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, September 12th. They set a buy rating and a $297.00 target price for the company. Goldman Sachs Group downgraded shares of Huntington Ingalls Industries from a neutral rating to a sell rating and set a $208.00 price objective for the company. in a research report on Thursday, October 11th. ValuEngine downgraded shares of Huntington Ingalls Industries from a hold rating to a sell rating in a research report on Friday, October 12th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a buy rating to a hold rating in a research report on Monday, October 15th. Finally, Bank of America reduced their price objective on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a buy rating for the company in a research report on Friday, November 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $252.64.

NYSE:HII opened at $192.53 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.14 and a debt-to-equity ratio of 0.70. The stock has a market cap of $8.40 billion, a PE ratio of 15.86 and a beta of 1.11. Huntington Ingalls Industries has a one year low of $173.80 and a one year high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, topping the consensus estimate of $4.14 by $1.15. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the firm posted $3.27 earnings per share. On average, equities analysts predict that Huntington Ingalls Industries will post 18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, December 14th. Stockholders of record on Friday, November 30th were given a dividend of $0.86 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend was Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 28.34%.

Several institutional investors have recently added to or reduced their stakes in HII. Ayalon Holdings Ltd. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $110,000. Welch Group LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $110,000. NN Investment Partners Holdings N.V. bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $117,000. Moneta Group Investment Advisors LLC grew its position in shares of Huntington Ingalls Industries by 1,392.5% during the 2nd quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 557 shares during the period. Finally, Belpointe Asset Management LLC bought a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at approximately $152,000. 85.21% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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