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

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

Other equities research analysts have also recently issued research reports about the stock. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Trading Up 5.2 %

Shares of HII stock opened at $203.21 on Monday. 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 $7.95 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.67 and a beta of 0.55. The firm has a 50 day moving average price of $257.23 and a two-hundred day moving average price of $257.67. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the previous year, the business posted $3.70 earnings per share. As a group, analysts predict that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared 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 a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.66%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.36%.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently modified their holdings of HII. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after acquiring an additional 863,800 shares during the last quarter. AQR Capital Management LLC increased its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after purchasing an additional 215,362 shares in the last quarter. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Huntington Ingalls Industries by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after buying an additional 40,942 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Huntington Ingalls Industries by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock worth $123,771,000 after buying an additional 13,439 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.