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

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

A number of other research analysts also recently weighed in on HII. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. Bank of America lowered their price target on 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. TD Cowen lowered 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. Barclays reduced their target price on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $221.22.

Huntington Ingalls Industries Stock Down 0.1 %

Shares of HII opened at $168.30 on Monday. The company has a market capitalization of $6.59 billion, a price-to-earnings ratio of 12.06, a PEG ratio of 1.43 and a beta of 0.57. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $299.50. The stock’s 50-day moving average price is $192.33 and its 200-day moving average price is $228.33. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII) last released 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 predict that Huntington Ingalls Industries will post 15.14 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.68%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Institutional investors and hedge funds have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. acquired a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth $29,000. Northwest Investment Counselors LLC acquired a new stake in Huntington Ingalls Industries during the third quarter worth about $40,000. Truvestments Capital LLC purchased a new position in Huntington Ingalls Industries during the third quarter worth about $42,000. EverSource Wealth Advisors LLC boosted its holdings in Huntington Ingalls Industries by 503.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Finally, True Wealth Design LLC purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $60,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.