Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its price target reduced by Deutsche Bank Aktiengesellschaft from $273.00 to $191.00 in a research report report published on Friday, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on HII. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research note on Thursday, October 10th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price for the company. in a report on Friday. Finally, The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Price Performance

HII opened at $191.04 on Friday. The business’s 50-day moving average is $260.62 and its two-hundred day moving average is $258.77. 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 0.76. The firm has a market capitalization of $7.49 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (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 company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the firm earned $3.70 EPS. Huntington Ingalls Industries’s revenue for the quarter 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.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a yield of 2.83%. Huntington Ingalls Industries’s payout ratio is presently 30.49%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HII. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. Larson Financial Group LLC raised its stake in shares of Huntington Ingalls Industries by 158.5% during the 1st 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 acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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.