Bank of America Has Lowered Expectations for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its price target trimmed by Bank of America from $250.00 to $195.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an underperform rating on the aerospace company’s stock.

Other research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Barclays dropped their price objective on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Down 0.9 %

Shares of NYSE:HII opened at $193.56 on Wednesday. The firm has a market capitalization of $7.57 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 1.75 and a beta of 0.55. The business has a 50 day simple moving average of $245.02 and a two-hundred day simple moving average of $253.59. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the firm earned $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% compared to the same quarter last year. On average, equities analysts predict that Huntington Ingalls Industries will post 15.31 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 $1.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.79%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Insider Buying and Selling

In related news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors have recently added to or reduced their stakes in HII. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth $29,000. Evermay Wealth Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth $31,000. Family Firm Inc. purchased a new stake in shares of Huntington Ingalls Industries during the second quarter valued at $35,000. Finally, Rothschild Investment LLC acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at $37,000. 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.