Huntington Ingalls Industries (NYSE:HII) Price Target Lowered to $194.00 at The Goldman Sachs Group

Huntington Ingalls Industries (NYSE:HII) had its target price cut by The Goldman Sachs Group from $226.00 to $194.00 in a research note published on Friday, Benzinga reports. They currently have a sell rating on the aerospace company’s stock.

A number of other brokerages have also issued reports on HII. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. Finally, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $241.88.

Huntington Ingalls Industries Stock Up 2.3 %

HII traded up $4.27 during trading on Friday, hitting $189.23. The stock had a trading volume of 1,492,688 shares, compared to its average volume of 322,322. The stock has a 50 day simple moving average of $260.62 and a two-hundred day simple moving average of $258.96. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a market capitalization of $7.42 billion, a PE ratio of 10.04, a PEG ratio of 2.19 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm posted $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be paid a $1.35 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.85%. Huntington Ingalls Industries’s dividend payout ratio is presently 27.59%.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries in the third quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the first quarter worth about $31,000. Larson Financial Group LLC boosted its stake in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. 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.