Huntington Ingalls Industries (NYSE:HII) Downgraded by StockNews.com

StockNews.com cut shares of Huntington Ingalls Industries (NYSE:HII) from a buy rating to a hold rating in a research note released on Wednesday.

Other analysts have also issued research reports about the company. 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 report on Thursday, October 10th. Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $290.00.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $253.86 on Wednesday. The firm has a fifty day simple moving average of $265.23 and a two-hundred day simple moving average of $260.66. 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 stock has a market capitalization of $10.01 billion, a P/E 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.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $1.30 dividend. The ex-dividend date 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HII. Van ECK Associates Corp boosted its position in Huntington Ingalls Industries by 16.1% in the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after buying an additional 126,654 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Huntington Ingalls Industries by 41.6% in the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares during the period. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 1.9% in the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after purchasing an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Huntington Ingalls Industries by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after purchasing an additional 40,942 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Huntington Ingalls Industries by 2.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after purchasing an additional 13,439 shares in the last quarter. 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.