The Goldman Sachs Group Cuts Huntington Ingalls Industries (NYSE:HII) Price Target to $145.00

Huntington Ingalls Industries (NYSE:HII) had its target price lowered by The Goldman Sachs Group from $188.00 to $145.00 in a research note published on Monday morning,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft cut their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research note on Friday, November 1st. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Bank of America cut their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Finally, Barclays cut their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $221.22.

Huntington Ingalls Industries Stock Down 2.6 %

Shares of HII opened at $163.37 on Monday. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.73 and a current ratio of 1.08. The business’s fifty day moving average price is $191.27 and its two-hundred day moving average price is $227.12. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 EPS for the quarter, missing analysts’ consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. On average, analysts predict that Huntington Ingalls Industries will post 15.14 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio is 38.68%.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently modified their holdings of HII. Truist Financial Corp raised its stake in shares of Huntington Ingalls Industries by 1.7% in the 2nd quarter. Truist Financial Corp now owns 4,620 shares of the aerospace company’s stock valued at $1,138,000 after purchasing an additional 78 shares during the period. GAMMA Investing LLC raised its stake in shares of Huntington Ingalls Industries by 17.8% in the 3rd quarter. GAMMA Investing LLC now owns 377 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 57 shares during the period. CWM LLC raised its stake in shares of Huntington Ingalls Industries by 142.8% in the 3rd quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after purchasing an additional 3,088 shares during the period. Ritholtz Wealth Management raised its stake in shares of Huntington Ingalls Industries by 25.6% in the 3rd quarter. Ritholtz Wealth Management now owns 4,120 shares of the aerospace company’s stock valued at $1,089,000 after purchasing an additional 840 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $102,000. Institutional investors and hedge funds 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.