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

Huntington Ingalls Industries (NYSE:HII) had its price objective dropped by equities research analysts at Barclays from $220.00 to $200.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price target would suggest a potential upside of 18.57% from the stock’s previous close.

A number of other brokerages have also issued reports on HII. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. The Goldman Sachs Group cut their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, 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, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $226.67.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $168.67 on Monday. The company has a 50 day moving average of $192.86 and a two-hundred day moving average of $229.08. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.43 and a beta of 0.57. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. As a group, analysts predict that Huntington Ingalls Industries will post 15.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in HII. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $29,000. EverSource Wealth Advisors LLC raised its stake in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Northwest Investment Counselors LLC purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at $40,000. Truvestments Capital LLC acquired a new stake in Huntington Ingalls Industries during the 3rd quarter worth $42,000. Finally, Wingate Wealth Advisors Inc. purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $48,000. Hedge funds and other 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.