The Goldman Sachs Group Has Lowered Expectations for Huntington Ingalls Industries (NYSE:HII) Stock Price

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

Several other equities research analysts also recently issued reports on the company. Barclays cut their price objective on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating on the stock in a report on Monday. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a research report on Friday, November 1st. Bank of America dropped 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 report on Wednesday, November 13th. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating 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 target for the company. in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Trading Down 0.1 %

NYSE HII opened at $168.30 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The stock has a market capitalization of $6.59 billion, a P/E ratio of 12.06, a PEG ratio of 1.43 and a beta of 0.57. The firm’s 50-day moving average is $192.33 and its two-hundred day moving average is $228.33. Huntington Ingalls Industries has a 12 month low of $158.88 and a 12 month high of $299.50.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Stockholders 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 3.21%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.68%.

Institutional Trading of Huntington Ingalls Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp increased its stake in Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after purchasing an additional 863,800 shares during the period. River Road Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $65,215,000. Diamond Hill Capital Management Inc. increased its position in shares of Huntington Ingalls Industries by 132.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company’s stock valued at $79,387,000 after buying an additional 239,688 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $36,191,000. Finally, FMR LLC raised its stake in Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the last quarter. 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.