Barclays Cuts Huntington Ingalls Industries (NYSE:HII) Price Target to $200.00

Huntington Ingalls Industries (NYSE:HII) had its target price lowered by Barclays from $220.00 to $200.00 in a report published on Monday morning,Benzinga reports. Barclays currently has an equal weight rating on the aerospace company’s stock.

A number of other equities analysts have also recently issued reports on HII. Bank of America cut their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $221.22.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $163.37 on Monday. 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 business has a 50-day moving average price of $191.27 and a two-hundred day moving average price of $227.12. Huntington Ingalls Industries has a 1-year low of $158.88 and a 1-year high of $299.50. The company has a market cap of $6.39 billion, a P/E ratio of 11.70, a PEG ratio of 1.43 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data 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 return on equity of 12.81% and a net margin of 4.77%. As a group, analysts anticipate that Huntington Ingalls Industries will post 15.14 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

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

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds have recently modified their holdings of HII. Van ECK Associates Corp lifted its position in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock worth $455,222,000 after buying an additional 863,800 shares in the last quarter. River Road Asset Management LLC bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. lifted its position in shares of Huntington Ingalls Industries by 132.9% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock worth $79,387,000 after buying an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $36,191,000. Finally, FMR LLC lifted its position in shares of Huntington Ingalls Industries by 5.6% during the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock worth $930,383,000 after buying an additional 187,411 shares in the last quarter. 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.