Barclays Issues Pessimistic Forecast for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its target price decreased by Barclays from $290.00 to $220.00 in a research report sent to investors on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the aerospace company’s stock.

HII has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $233.13.

Huntington Ingalls Industries Trading Down 0.4 %

Shares of NYSE HII traded down $0.83 during midday trading on Monday, reaching $190.21. 58,429 shares of the stock were exchanged, compared to its average volume of 323,554. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 1.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The business has a 50-day simple moving average of $260.62 and a two-hundred day simple moving average of $258.77.

Huntington Ingalls Industries (NYSE:HII) last announced 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 net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the firm posted $3.70 EPS. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, equities research analysts expect that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 annualized dividend and a yield of 2.84%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio is 29.36%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors have recently added to or reduced their stakes in the stock. Verus Capital Partners LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $255,000. Sumitomo Mitsui Trust Group Inc. grew its position in shares of Huntington Ingalls Industries by 2.3% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company’s stock valued at $25,765,000 after purchasing an additional 2,149 shares in the last quarter. Apollon Wealth Management LLC raised its stake in shares of Huntington Ingalls Industries by 16.1% during the 3rd quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company’s stock valued at $290,000 after purchasing an additional 152 shares during the period. WCM Investment Management LLC purchased a new stake in Huntington Ingalls Industries during the 3rd quarter worth about $249,000. Finally, Venturi Wealth Management LLC grew its holdings in Huntington Ingalls Industries by 698.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 543 shares of the aerospace company’s stock valued at $144,000 after buying an additional 475 shares in the last quarter. Institutional investors 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.