Bank of America Cuts Huntington Ingalls Industries (NYSE:HII) Price Target to $195.00

Huntington Ingalls Industries (NYSE:HII) had its price objective reduced by Bank of America from $250.00 to $195.00 in a report released on Wednesday morning,Benzinga reports. They currently have an underperform rating on the aerospace company’s stock.

A number of other research analysts also recently issued reports on HII. The Goldman Sachs Group decreased their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Barclays decreased their target price on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft decreased 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 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 target price on the stock. in a research 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Down 0.9 %

NYSE:HII opened at $193.56 on Wednesday. The firm has a market capitalization of $7.57 billion, a P/E ratio of 10.93, a PEG ratio of 1.75 and a beta of 0.55. The company’s fifty day moving average price is $245.02 and its 200-day moving average price is $253.59. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. 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 (NYSE:HII) last announced its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business posted $3.70 earnings per share. As a group, equities research analysts anticipate that Huntington Ingalls Industries will post 15.31 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.79%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 30.49%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC grew its stake in Huntington Ingalls Industries by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock valued at $268,520,000 after acquiring an additional 5,036 shares in the last quarter. Barclays PLC boosted its holdings in shares of Huntington Ingalls Industries by 54.1% during the 3rd quarter. Barclays PLC now owns 137,004 shares of the aerospace company’s stock worth $36,221,000 after purchasing an additional 48,113 shares during the last quarter. Continuum Advisory LLC grew its position in shares of Huntington Ingalls Industries by 129.7% in the third quarter. Continuum Advisory LLC now owns 1,066 shares of the aerospace company’s stock valued at $282,000 after purchasing an additional 602 shares in the last quarter. Harvest Investment Advisors LLC increased its holdings in shares of Huntington Ingalls Industries by 1.2% in the third quarter. Harvest Investment Advisors LLC now owns 6,960 shares of the aerospace company’s stock valued at $1,840,000 after purchasing an additional 85 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC increased its holdings in shares of Huntington Ingalls Industries by 2.7% in the third quarter. Drucker Wealth 3.0 LLC now owns 10,032 shares of the aerospace company’s stock valued at $2,652,000 after purchasing an additional 263 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.