Barclays Has Lowered Expectations for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its price target decreased by investment analysts at Barclays from $220.00 to $200.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price objective indicates a potential upside of 18.57% from the stock’s previous close.

Several other equities research analysts have also recently issued reports on HII. Deutsche Bank Aktiengesellschaft cut their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Finally, Alembic Global Advisors lowered 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, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $226.67.

Huntington Ingalls Industries Stock Up 5.6 %

NYSE HII opened at $168.67 on Monday. The business’s fifty day simple moving average is $192.86 and its 200-day simple moving average is $229.08. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.60 billion, a PE ratio of 12.08, a P/E/G ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities analysts anticipate that Huntington Ingalls Industries will post 15.14 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently bought and sold shares of HII. Rosenberg Matthew Hamilton increased its stake in shares of Huntington Ingalls Industries by 8.2% during the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after buying an additional 40 shares during the period. QRG Capital Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.4% in the 3rd quarter. QRG Capital Management Inc. now owns 3,553 shares of the aerospace company’s stock valued at $939,000 after purchasing an additional 48 shares in the last quarter. Yousif Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares during the last quarter. Inscription Capital LLC grew its stake in shares of Huntington Ingalls Industries by 4.4% during the third quarter. Inscription Capital LLC now owns 1,310 shares of the aerospace company’s stock worth $346,000 after purchasing an additional 55 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in Huntington Ingalls Industries by 17.8% in the third quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after buying an additional 57 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.