Huntington Ingalls Industries (NYSE:HII) Price Target Lowered to $220.00 at Barclays

Huntington Ingalls Industries (NYSE:HII) had its price objective cut by equities researchers at Barclays from $290.00 to $220.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s target price would indicate a potential upside of 16.26% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday. StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Vertical Research cut 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Stock Up 2.3 %

Shares of NYSE HII opened at $189.23 on Monday. The business has a 50-day simple moving average of $260.62 and a two-hundred day simple moving average of $258.86. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a market cap of $7.42 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.62 and a beta of 0.56. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the prior year, the firm posted $3.70 EPS. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis. Research analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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