Huntington Ingalls Industries (NYSE:HII) Price Target Lowered to $145.00 at The Goldman Sachs Group

Huntington Ingalls Industries (NYSE:HII) had its price objective reduced by analysts at The Goldman Sachs Group from $188.00 to $145.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “sell” rating on the aerospace company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 14.08% from the company’s previous close.

HII has been the subject of a number of other reports. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, Bank of America dropped their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Stock Up 0.2 %

Shares of Huntington Ingalls Industries stock traded up $0.27 during trading on Monday, hitting $168.76. The company’s stock had a trading volume of 232,144 shares, compared to its average volume of 571,485. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The company has a fifty day simple moving average of $192.86 and a two-hundred day simple moving average of $229.08. The company has a market capitalization of $6.60 billion, a PE ratio of 12.09, a P/E/G ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released 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 net margin of 4.77% and a return on equity of 12.81%. Equities research analysts predict that Huntington Ingalls Industries will post 15.14 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several large investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. increased its position in Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after purchasing an additional 239,688 shares during the last quarter. Commonwealth Equity Services LLC increased its position in Huntington Ingalls Industries by 80.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company’s stock valued at $4,191,000 after acquiring an additional 9,913 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in Huntington Ingalls Industries by 7.6% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after acquiring an additional 31,934 shares during the last quarter. Avantax Advisory Services Inc. increased its position in Huntington Ingalls Industries by 47.9% during the fourth quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company’s stock valued at $1,486,000 after acquiring an additional 2,546 shares during the last quarter. Finally, Essential Planning LLC. bought a new position in Huntington Ingalls Industries during the fourth quarter valued at $2,457,000. 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.