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 decreased by The Goldman Sachs Group from $188.00 to $145.00 in a research note published on Monday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the aerospace company’s stock.

A number of other equities analysts have also recently commented on the company. Bank of America reduced their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Barclays reduced their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a report on Monday. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $221.22.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $163.37 on Monday. The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 1.43 and a beta of 0.57. The business has a 50-day moving average of $191.27 and a 200-day moving average of $227.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, sell-side analysts predict that Huntington Ingalls Industries will post 15.14 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company 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 annualized dividend and a dividend yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th. Huntington Ingalls Industries’s payout ratio is 38.68%.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently made changes to their positions in HII. Vanguard Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock valued at $950,391,000 after buying an additional 14,988 shares during the period. FMR LLC boosted its stake in shares of Huntington Ingalls Industries by 5.6% in the third quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after buying an additional 187,411 shares during the period. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 94.5% in the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares during the period. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after buying an additional 29,670 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Huntington Ingalls Industries by 7.6% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 453,178 shares of the aerospace company’s stock valued at $85,637,000 after buying an additional 31,934 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.