Huntington Ingalls Industries (NYSE:HII) Price Target Lowered to $194.00 at The Goldman Sachs Group

Huntington Ingalls Industries (NYSE:HII) had its price objective decreased by The Goldman Sachs Group from $226.00 to $194.00 in a research report released on Friday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the aerospace company’s stock.

Other research analysts have also issued research reports about the company. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research 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. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Finally, StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $241.88.

Huntington Ingalls Industries Trading Up 2.3 %

Shares of NYSE HII traded up $4.27 during trading hours on Friday, hitting $189.23. 1,492,688 shares of the company traded hands, compared to its average volume of 322,322. The company’s 50 day moving average price is $260.62 and its 200 day moving average price is $258.96. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 2.19 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last announced its 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 net margin of 6.35% and a return on equity of 18.55%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the company posted $3.70 EPS. The company’s revenue was down 2.4% compared to the same quarter last year. On average, 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 company 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 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 dividend yield of 2.85%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 27.59%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in Huntington Ingalls Industries by 21.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 120,478 shares of the aerospace company’s stock valued at $35,116,000 after buying an additional 20,927 shares during the period. Norden Group LLC purchased a new stake in Huntington Ingalls Industries during the first quarter worth $600,000. First Trust Direct Indexing L.P. bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at $210,000. Private Advisor Group LLC increased its holdings in shares of Huntington Ingalls Industries by 239.2% in the 1st quarter. Private Advisor Group LLC now owns 4,352 shares of the aerospace company’s stock valued at $1,269,000 after acquiring an additional 3,069 shares during the period. Finally, Mission Wealth Management LP bought a new position in shares of Huntington Ingalls Industries in the 1st quarter worth $214,000. Institutional investors own 90.46% of the company’s stock.

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.