Barclays Trims Huntington Ingalls Industries (HII) Target Price to $245.00

Huntington Ingalls Industries (NYSE:HII) had its target price trimmed by Barclays from $280.00 to $245.00 in a research note issued to investors on Tuesday morning. The brokerage currently has an overweight rating on the aerospace company’s stock.

A number of other brokerages have also weighed in on HII. ValuEngine raised shares of Huntington Ingalls Industries from a sell rating to a hold rating in a research note on Monday, October 22nd. Cowen reaffirmed a buy rating and issued a $260.00 target price (up from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. Seaport Global Securities started coverage on shares of Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a neutral rating and a $260.00 target price for the company. UBS Group started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They issued a buy rating and a $290.00 target price for the company. Finally, Zacks Investment Research lowered shares of Huntington Ingalls Industries from a buy rating to a hold rating in a research note on Monday, October 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company currently has an average rating of Buy and an average price target of $254.38.

Shares of NYSE HII opened at $198.49 on Tuesday. The firm has a market capitalization of $8.72 billion, a P/E ratio of 16.35 and a beta of 1.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.14 and a quick ratio of 1.03. Huntington Ingalls Industries has a 1-year low of $194.61 and a 1-year high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $4.14 by $1.15. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $1.90 billion. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.27 EPS. Sell-side analysts expect that Huntington Ingalls Industries will post 17.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. The ex-dividend date is Thursday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 28.34%.

In other news, VP Jerri F. Dickseski sold 271 shares of the stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the transaction, the vice president now directly owns 34,750 shares in the company, valued at approximately $8,959,940. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.22% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. CENTRAL TRUST Co lifted its stake in Huntington Ingalls Industries by 12.6% in the 3rd quarter. CENTRAL TRUST Co now owns 2,179 shares of the aerospace company’s stock valued at $558,000 after purchasing an additional 243 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Huntington Ingalls Industries by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 64,401 shares of the aerospace company’s stock valued at $13,961,000 after purchasing an additional 264 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Huntington Ingalls Industries by 6.3% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 4,537 shares of the aerospace company’s stock valued at $1,162,000 after purchasing an additional 270 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in Huntington Ingalls Industries by 13.7% in the 3rd quarter. IFM Investors Pty Ltd now owns 2,395 shares of the aerospace company’s stock valued at $613,000 after purchasing an additional 288 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Huntington Ingalls Industries by 4.5% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,909 shares of the aerospace company’s stock valued at $1,498,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 85.44% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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