Barclays Cuts Huntington Ingalls Industries (HII) Price Target to $245.00

Huntington Ingalls Industries (NYSE:HII) had its price objective lowered by Barclays from $280.00 to $245.00 in a research note released on Tuesday. Barclays currently has an overweight rating on the aerospace company’s stock.

HII has been the subject of a number of other research reports. Goldman Sachs Group lowered Huntington Ingalls Industries from a neutral rating to a sell rating and set a $208.00 price target for the company. in a research report on Thursday, October 11th. Zacks Investment Research lowered Huntington Ingalls Industries from a buy rating to a hold rating in a research report on Monday, October 15th. ValuEngine upgraded Huntington Ingalls Industries from a sell rating to a hold rating in a research report on Monday, October 22nd. Sanford C. Bernstein decreased their price target on Huntington Ingalls Industries from $246.00 to $223.00 in a research report on Monday, November 12th. Finally, Drexel Hamilton reiterated a buy rating and issued a $265.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, November 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of Buy and a consensus price target of $254.38.

NYSE:HII opened at $202.89 on Tuesday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03. Huntington Ingalls Industries has a 1-year low of $194.61 and a 1-year high of $276.69. The firm has a market capitalization of $8.75 billion, a P/E ratio of 16.71 and a beta of 1.08.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 43.71% and a net margin of 8.63%. The business had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. During the same quarter last year, the company posted $3.27 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts expect that Huntington Ingalls Industries will post 17.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.70%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 28.34%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the sale, the vice president now directly owns 34,750 shares in the company, valued at approximately $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.22% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. CENTRAL TRUST Co raised its stake in shares of Huntington Ingalls Industries by 12.6% during the 3rd quarter. CENTRAL TRUST Co now owns 2,179 shares of the aerospace company’s stock worth $558,000 after purchasing an additional 243 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Huntington Ingalls Industries by 0.4% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 64,401 shares of the aerospace company’s stock worth $13,961,000 after purchasing an additional 264 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of Huntington Ingalls Industries by 6.3% during the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,537 shares of the aerospace company’s stock worth $1,162,000 after purchasing an additional 270 shares in the last quarter. IFM Investors Pty Ltd raised its stake in shares of Huntington Ingalls Industries by 13.7% during the 3rd quarter. IFM Investors Pty Ltd now owns 2,395 shares of the aerospace company’s stock worth $613,000 after purchasing an additional 288 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 4.5% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,909 shares of the aerospace company’s stock worth $1,498,000 after purchasing an additional 298 shares in the last quarter. 85.44% of the stock is owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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