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

Huntington Ingalls Industries (NYSE:HII) had its price target lowered by research analysts at The Goldman Sachs Group from $188.00 to $145.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “sell” rating on the aerospace company’s stock. The Goldman Sachs Group’s target price would indicate a potential downside of 14.08% from the company’s previous close.

A number of other analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Bank of America lowered their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research note on Wednesday, November 13th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Alembic Global Advisors downgraded 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 report on Friday, November 1st. 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 report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Up 0.2 %

Shares of HII traded up $0.27 during trading hours on Monday, reaching $168.76. 232,144 shares of the company traded hands, compared to its average volume of 571,485. The firm has a market cap of $6.60 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a 12-month low of $158.88 and a 12-month high of $299.50. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $192.86 and its 200 day moving average price is $229.08.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (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%. Sell-side analysts forecast that Huntington Ingalls Industries will post 15.14 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds have recently bought and sold shares of the stock. Diamond Hill Capital Management Inc. boosted its position in Huntington Ingalls Industries by 132.9% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after purchasing an additional 239,688 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Huntington Ingalls Industries by 80.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 22,180 shares of the aerospace company’s stock worth $4,191,000 after purchasing an additional 9,913 shares in the last quarter. Thompson Siegel & Walmsley LLC boosted its position in Huntington Ingalls Industries by 7.6% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock worth $85,637,000 after purchasing an additional 31,934 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Huntington Ingalls Industries by 47.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 7,865 shares of the aerospace company’s stock worth $1,486,000 after purchasing an additional 2,546 shares in the last quarter. Finally, Essential Planning LLC. purchased a new stake in Huntington Ingalls Industries in the 4th quarter worth approximately $2,457,000. Hedge funds and other institutional investors 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.