Huntington Ingalls Industries (NYSE:HII) Cut to “Neutral” at Alembic Global Advisors

Alembic Global Advisors lowered shares of Huntington Ingalls Industries (NYSE:HII) from an overweight rating to a neutral rating in a research report sent to investors on Friday morning, Marketbeat reports. They currently have $210.00 price objective on the aerospace company’s stock.

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

Huntington Ingalls Industries Price Performance

Shares of HII opened at $189.23 on Friday. The company has a market capitalization of $7.42 billion, a P/E ratio of 10.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.56. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $260.62 and a 200 day moving average of $258.86.

Huntington Ingalls Industries (NYSE:HII) last posted 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). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the firm earned $3.70 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.85%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.36%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Huntington Ingalls Industries during the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $31,000. Larson Financial Group LLC boosted its holdings in Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares during the period. Finally, Evermay Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth $31,000. 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.