Huntington Ingalls Industries (NYSE:HII) Cut to “Neutral” at Alembic Global Advisors

Huntington Ingalls Industries (NYSE:HII) was downgraded by analysts at Alembic Global Advisors from an “overweight” rating to a “neutral” rating in a research report issued on Friday, Marketbeat reports. They currently have a $210.00 price target on the aerospace company’s stock. Alembic Global Advisors’ price objective would indicate a potential upside of 10.98% from the company’s current price.

Several other analysts have also weighed in on HII. JPMorgan Chase & Co. lowered 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. StockNews.com downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. Vertical Research cut shares of 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. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday. Finally, Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. One equities research 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’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $241.88.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $189.23 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.76. Huntington Ingalls Industries has a one year low of $184.29 and a one year high of $299.50. The company has a fifty day moving average price of $260.62 and a 200 day moving average price of $258.96. The stock has a market cap of $7.42 billion, a P/E ratio of 10.68, a PEG ratio of 1.62 and a beta of 0.56.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Covestor Ltd increased its holdings in Huntington Ingalls Industries by 16.5% during the 3rd quarter. Covestor Ltd now owns 742 shares of the aerospace company’s stock valued at $196,000 after purchasing an additional 105 shares in the last quarter. Mesirow Financial Investment Management Inc. acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at $529,000. Tompkins Financial Corp bought a new position in shares of Huntington Ingalls Industries in the third quarter valued at about $132,000. Assetmark Inc. lifted its position in Huntington Ingalls Industries by 316.9% during the 3rd quarter. Assetmark Inc. now owns 346 shares of the aerospace company’s stock worth $91,000 after buying an additional 263 shares in the last quarter. Finally, Rovin Capital UT ADV grew its holdings in Huntington Ingalls Industries by 105.5% during the 3rd quarter. Rovin Capital UT ADV now owns 2,336 shares of the aerospace company’s stock worth $618,000 after acquiring an additional 1,199 shares during the last quarter. 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.