Huntington Ingalls Industries (NYSE:HII) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Huntington Ingalls Industries (NYSE:HII) from a buy rating to a hold rating in a report published on Wednesday morning.

A number of other brokerages also recently issued reports on HII. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $290.00.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $253.86 on Wednesday. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries has a 52-week low of $213.02 and a 52-week high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41. The company’s 50 day moving average is $265.23 and its 200 day moving average is $260.66.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company posted $3.27 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Huntington Ingalls Industries will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.05%. Huntington Ingalls Industries’s payout ratio is 29.31%.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of large investors have recently made changes to their positions in the stock. Riverview Trust Co acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth about $30,000. Fidelis Capital Partners LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $31,000. Larson Financial Group LLC boosted its position in Huntington Ingalls Industries by 158.5% in the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. Finally, Evermay Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the 1st quarter worth approximately $31,000. 90.46% of the stock is owned by hedge funds and other 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.