Huntington Ingalls Industries (NYSE:HII) Stock Rating Lowered by Alembic Global Advisors

Alembic Global Advisors downgraded shares of Huntington Ingalls Industries (NYSE:HII) from an overweight rating to a neutral rating in a research note released on Friday morning, Marketbeat Ratings reports. The firm currently has $210.00 price objective on the aerospace company’s stock.

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

Huntington Ingalls Industries Trading Up 1.0 %

HII opened at $191.04 on Friday. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. The business has a fifty day moving average price of $260.62 and a 200 day moving average price of $258.77. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. 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.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.70 earnings per share. Sell-side analysts expect that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed 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 represents a $5.40 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Friday, November 29th. 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 29.36%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its position in Huntington Ingalls Industries by 94.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the period. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 41.6% in the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after acquiring an additional 215,362 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $47,698,000. American Century Companies Inc. increased its holdings in Huntington Ingalls Industries by 42.1% during the 2nd quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after purchasing an additional 140,338 shares in the last quarter. Finally, Sound Shore Management Inc. CT increased its holdings in Huntington Ingalls Industries by 50.7% during the 2nd quarter. Sound Shore Management Inc. CT now owns 345,489 shares of the aerospace company’s stock worth $85,104,000 after purchasing an additional 116,180 shares in the last quarter. 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.