Huntington Ingalls Industries (NYSE:HII) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Huntington Ingalls Industries (NYSE:HII) from a buy rating to a hold rating in a research report sent to investors on Wednesday morning.

HII has been the topic of a number of other reports. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $256.12 on Wednesday. Huntington Ingalls Industries has a 52 week low of $212.58 and a 52 week high of $299.50. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The stock has a market cap of $10.10 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company’s 50-day moving average price is $265.86 and its two-hundred day moving average price is $260.92.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s quarterly revenue was up 6.8% on a year-over-year basis. During the same period in the prior year, the business earned $3.27 earnings per share. As a group, sell-side analysts anticipate that Huntington Ingalls Industries will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.03%. Huntington Ingalls Industries’s dividend payout ratio is 29.31%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds have recently bought and sold shares of HII. Oliver Lagore Vanvalin Investment Group increased its holdings in shares of Huntington Ingalls Industries by 9.1% in the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 41 shares during the period. Ballentine Partners LLC lifted its position in Huntington Ingalls Industries by 1.6% in the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock worth $647,000 after buying an additional 42 shares in the last quarter. GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 16.4% in the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock worth $79,000 after buying an additional 45 shares in the last quarter. Hilltop National Bank boosted its stake in shares of Huntington Ingalls Industries by 15.1% during the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock valued at $88,000 after buying an additional 47 shares during the period. Finally, Empirical Finance LLC increased its stake in shares of Huntington Ingalls Industries by 3.6% in the first quarter. Empirical Finance LLC now owns 1,427 shares of the aerospace company’s stock worth $416,000 after acquiring an additional 49 shares during the last quarter. 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.