![Huntington Ingalls Industries Given “Hold” Recommendation by Analysts Huntington Ingalls Industries Given “Hold” Recommendation by Analysts](https://www.claytoncountyregister.com/wp-content/uploads/2023/07/mfrack_realistic_photo_of_stockbroker_job_a3f23020-25b0-45ce-b06e-bd00fdbdcb6b.jpeg)
According to MarketBeat.com, Huntington Ingalls Industries, Inc. (NYSE:HII) has been given a consensus recommendation of “Hold” by eight ratings firms currently covering the stock. Of these firms, two have recommended selling the stock, four have recommended holding the stock, and two have recommended buying the stock. The average 12-month price objective among brokers who have provided coverage on the stock in the last year is $245.86.
Several brokerages recently issued reports on HII. StockNews.com began coverage on Huntington Ingalls Industries and issued a “buy” rating. Deutsche Bank Aktiengesellschaft also began coverage and provided a “hold” rating. Additionally, JPMorgan Chase & Co. boosted their price objective for the stock.
Huntington Ingalls Industries (HII) is a company involved in designing, building, overhauling, and repairing military ships in the United States. The company operates through three segments: Ingalls, Newport News, and Mission Technologies. Huntington Ingalls Industries designs and constructs non-nuclear ships such as amphibious assault ships, expeditionary warfare ships, and national security cutters.
Shares of Huntington Ingalls Industries (HII) opened at $203.21 on Thursday. The company has a market capitalization of $8.10 billion, a P/E ratio of 15.62, and a beta of 0.65. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.90, and a current ratio of 0.96. Huntington Ingalls Industries has a one-year low of $188.51 and a one-year high of $260.02. The company’s 50-day simple moving average is $219.39, and its 200-day simple moving average is $213.37.
In its most recent quarterly earnings report, Huntington Ingalls Industries reported earnings per share of $3.27, beating analysts’ consensus estimates of $3.14 by $0.13. The company had a return on equity of 15.13% and a net margin of 4.77%. The company had revenue of $2.79 billion during the quarter, compared to analyst estimates of $2.67 billion. Huntington Ingalls Industries’s quarterly revenue was up 4.7% on a year-over-year basis.
Huntington Ingalls Industries recently announced a quarterly dividend, which was paid on September 8th. Stockholders of record on August 25th received a dividend of $1.24 per share. The company’s dividend yield is currently 2.44%.
In the past three months, insiders at Huntington Ingalls Industries have sold a total of 3,482 shares of company stock, worth approximately $768,152. Institutional investors currently own 89.18% of the company’s stock.
Source: MarketBeat.com
Definitions:
- Consensus Recommendation: The average recommendation from all analysts covering a stock.
- Price Objective: The projected price target for a stock from an analyst.
- P/E Ratio: The price-to-earnings ratio is a valuation ratio which compares a company’s current share price to its earnings per share.
- Beta: Beta is a measure of a stock’s volatility in relation to the overall market.
- Debt-to-Equity Ratio: The debt-to-equity ratio is a measure of a company’s financial leverage, calculating the proportion of debt used to finance the company’s assets compared to the proportion of equity.
- Quick Ratio: A liquidity ratio that measures a company’s ability to use its most liquid assets to pay off its current liabilities.
- Current Ratio: A liquidity ratio that measures a company’s ability to pay off its short-term liabilities with its short-term assets.
- Return on Equity (ROE): The percentage of net income returned as a proportion of shareholders’ equity, assessing how effectively a company is using its equity to generate profit.
- Net Margin: The net margin is the ratio of net profits to revenues for a company, expressing the profitability of the company.
- Dividend Payout Ratio: The proportion of earnings paid out to shareholders in the form of dividends.
- Quarterly Dividend: A dividend that is paid by a company on a quarterly basis, usually four times a year.
- Market Capitalization: The total value of a company’s outstanding shares, calculated by multiplying the share price by the number of shares.
- Moving Average: A commonly used statistical calculation used to analyze data points by creating a series of averages over a specific period.
- Earnings Per Share (EPS): The portion of a company’s profit allocated to each outstanding share of common stock.
- Revenue: The total amount of money generated by a company for its goods or services.
- Dividend Yield: A financial ratio that shows how much a company pays out in dividends each year relative to its share price.
- Institutional Investors: Organizations that pool large sums of money from multiple investors and buy securities on their behalf.
- Insiders: Individuals who are officers, directors, or significant shareholders of a company.
Sources: MarketBeat.com