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

Huntington Ingalls Industries (NYSE:HII) had its target price dropped by equities research analysts at Barclays from $290.00 to $220.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price target would suggest a potential upside of 13.85% from the company’s current price.

HII has been the topic of several other reports. The Goldman Sachs Group lowered their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research note on Thursday, October 10th. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research note on Friday, November 1st. Finally, Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $233.13.

Huntington Ingalls Industries Stock Up 1.2 %

Shares of Huntington Ingalls Industries stock opened at $193.24 on Monday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a 12-month low of $184.29 and a 12-month high of $299.50. The firm has a market capitalization of $7.56 billion, a PE ratio of 10.91, a price-to-earnings-growth ratio of 1.65 and a beta of 0.55. The stock’s fifty day moving average is $258.90 and its 200-day moving average is $258.22.

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 the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the firm posted $3.70 EPS. Huntington Ingalls Industries’s quarterly revenue was down 2.4% on a year-over-year basis. Equities analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its position in shares of Huntington Ingalls Industries by 1.9% in the third quarter. Victory Capital Management Inc. now owns 29,748 shares of the aerospace company’s stock worth $7,865,000 after buying an additional 561 shares during the last quarter. Verus Capital Partners LLC bought a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $255,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Huntington Ingalls Industries by 2.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 97,456 shares of the aerospace company’s stock worth $25,765,000 after purchasing an additional 2,149 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in Huntington Ingalls Industries by 16.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 1,097 shares of the aerospace company’s stock worth $290,000 after purchasing an additional 152 shares during the last quarter. Finally, WCM Investment Management LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth approximately $249,000. 90.46% of the stock is currently owned by institutional investors.

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.