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

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

Several other equities research analysts have also commented on HII. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $191.04 on Friday. The business’s fifty day moving average price is $260.62 and its 200-day moving average price is $258.77. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of 10.79, a PEG ratio of 1.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the company earned $3.70 earnings per share. On average, equities 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. Investors of record on Friday, November 29th will be issued a $1.35 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.83%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 29.36%.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors have recently added to or reduced their stakes in the company. WCM Investment Management LLC bought a new stake in Huntington Ingalls Industries in the third quarter worth about $249,000. Venturi Wealth Management LLC increased its position in shares of Huntington Ingalls Industries by 698.5% during the third quarter. Venturi Wealth Management LLC now owns 543 shares of the aerospace company’s stock worth $144,000 after acquiring an additional 475 shares during the period. Delta Financial Advisors LLC increased its position in shares of Huntington Ingalls Industries by 162.5% during the third quarter. Delta Financial Advisors LLC now owns 2,310 shares of the aerospace company’s stock worth $611,000 after acquiring an additional 1,430 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in shares of Huntington Ingalls Industries during the third quarter worth approximately $47,698,000. Finally, Axxcess Wealth Management LLC increased its position in shares of Huntington Ingalls Industries by 4.9% during the third quarter. Axxcess Wealth Management LLC now owns 1,584 shares of the aerospace company’s stock worth $419,000 after acquiring an additional 74 shares during the period. 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.