Huntington Ingalls Industries (NYSE:HII) Price Target Lowered to $191.00 at Deutsche Bank Aktiengesellschaft

Huntington Ingalls Industries (NYSE:HII) had its price objective trimmed by Deutsche Bank Aktiengesellschaft from $273.00 to $191.00 in a research note issued to investors on Friday morning, Benzinga reports. The firm currently has a hold rating on the aerospace company’s stock.

A number of other equities analysts have also weighed in on the stock. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price target for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. The Goldman Sachs Group cut their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday. Finally, TD Cowen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a research report on Friday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $241.88.

Huntington Ingalls Industries Stock Up 2.3 %

Shares of HII traded up $4.27 during mid-day trading on Friday, hitting $189.23. The company’s stock had a trading volume of 1,492,688 shares, compared to its average volume of 322,322. The company’s 50-day moving average is $260.62 and its 200-day moving average is $258.96. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 2.19 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.70 EPS. On average, equities research analysts forecast that Huntington Ingalls Industries will post 16.49 EPS for the current fiscal 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. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.85%. 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. Huntington Ingalls Industries’s payout ratio is 27.59%.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently modified their holdings of HII. Rosenberg Matthew Hamilton increased its holdings in shares of Huntington Ingalls Industries by 8.2% in the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after acquiring an additional 40 shares during the period. Oliver Lagore Vanvalin Investment Group raised its position in Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 41 shares in the last quarter. Ballentine Partners LLC raised its position in Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after acquiring an additional 42 shares in the last quarter. GAMMA Investing LLC raised its position in Huntington Ingalls Industries by 16.4% during the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after acquiring an additional 45 shares in the last quarter. Finally, Hilltop National Bank raised its position in Huntington Ingalls Industries by 15.1% during the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock valued at $88,000 after acquiring an additional 47 shares in the last quarter. 90.46% of the stock is 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.