The Goldman Sachs Group Cuts Huntington Ingalls Industries (NYSE:HII) Price Target to $194.00

Huntington Ingalls Industries (NYSE:HII) had its price objective trimmed by The Goldman Sachs Group from $226.00 to $194.00 in a report released on Friday morning, Benzinga reports. The firm currently has a sell rating on the aerospace company’s stock.

Several other equities analysts also recently issued reports on HII. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price for the company. in a research report on Friday. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a research report 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 objective for the company. in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $233.13.

Huntington Ingalls Industries Stock Performance

HII opened at $191.04 on Friday. The firm has a fifty day moving average price of $260.62 and a 200 day moving average price of $258.77. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a market cap of $7.48 billion, a P/E ratio of 10.79, a P/E/G ratio of 1.65 and a beta of 0.55. 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 (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s quarterly revenue was down 2.4% on a year-over-year basis. During the same period last year, the company posted $3.70 earnings per share. Equities research analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a dividend of $1.35 per share. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s payout ratio is presently 29.36%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors have recently made changes to their positions in the stock. Rosenberg Matthew Hamilton increased its position in Huntington Ingalls Industries by 8.2% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group grew its holdings in Huntington Ingalls Industries by 9.1% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 41 shares during the period. Ballentine Partners LLC increased 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 worth $647,000 after purchasing an additional 42 shares during the last quarter. GAMMA Investing LLC increased 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 worth $79,000 after purchasing an additional 45 shares during the last quarter. Finally, Hilltop National Bank raised its stake in Huntington Ingalls Industries by 15.1% during the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 47 shares during the period. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.