Huntington Ingalls Industries (NYSE:HII) Downgraded to “Hold” Rating by TD Cowen

TD Cowen cut shares of Huntington Ingalls Industries (NYSE:HII) from a buy rating to a hold rating in a research report sent to investors on Friday, MarketBeat.com reports. They currently have $180.00 price target on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the stock. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research note on Thursday, October 10th. Finally, Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $233.13.

Huntington Ingalls Industries Stock Up 1.0 %

HII opened at $191.04 on Friday. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The firm’s 50 day simple moving average is $260.62 and its two-hundred day simple moving average is $258.77. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.49 billion, a PE ratio of 10.79, a PEG ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released its 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). The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. Huntington Ingalls Industries’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 earnings per share. As a group, equities analysts forecast that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders 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. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.83%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Institutional Trading of Huntington Ingalls Industries

Hedge funds have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter valued at about $31,000. Larson Financial Group LLC boosted its holdings in shares of Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. Evermay Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at approximately $31,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.