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

Huntington Ingalls Industries (NYSE:HII) had its target price decreased by Deutsche Bank Aktiengesellschaft from $273.00 to $191.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 2.06% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. 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. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $241.88.

Huntington Ingalls Industries Trading Up 1.2 %

Shares of HII stock traded up $2.18 during mid-day trading on Friday, reaching $187.14. The stock had a trading volume of 1,077,558 shares, compared to its average volume of 320,364. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The stock’s 50-day moving average price is $262.32 and its two-hundred day moving average price is $259.56. The firm has a market capitalization of $7.34 billion, a PE ratio of 9.91, a price-to-earnings-growth ratio of 2.19 and a beta of 0.52. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50.

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). Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period last year, the business earned $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds have recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth about $26,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $29,000. Fidelis Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Larson Financial Group LLC lifted its stake in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Finally, Evermay Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.