Huntington Ingalls Industries (NYSE:HII) Given New $220.00 Price Target at Barclays

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

Other analysts also recently issued research reports about the company. 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 note on Friday. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. The Goldman Sachs Group decreased their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Trading Down 0.4 %

HII traded down $0.83 during midday trading on Monday, hitting $190.21. The company’s stock had a trading volume of 58,429 shares, compared to its average volume of 323,554. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50. The firm has a 50-day moving average price of $260.62 and a two-hundred day moving average price of $258.77. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41. The firm has a market cap of $7.44 billion, a P/E ratio of 10.79, a PEG ratio of 1.65 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) 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 analyst estimates of $2.87 billion. During the same quarter last year, the business posted $3.70 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.4% compared to the same quarter last year. On average, research analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share 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. Shareholders of record on Friday, November 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.84%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is 29.36%.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Ingalls Industries in the second quarter worth about $26,000. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $31,000. Larson Financial Group LLC raised its position 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 purchasing an additional 65 shares during the last quarter. Finally, Evermay Wealth Management LLC bought a new position in Huntington Ingalls Industries in the 1st quarter valued at $31,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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.