Huntington Ingalls Industries (NYSE:HII) Rating Lowered 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 research note published on Friday morning.

HII has been the topic of a number of other reports. 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 research note on Thursday, October 10th. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Trading Up 1.0 %

Shares of HII stock opened at $191.04 on Friday. The company has a 50-day moving average of $260.62 and a two-hundred day moving average of $258.77. The firm has a market cap of $7.49 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 1.62 and a beta of 0.56. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.76.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the company earned $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% on a year-over-year basis. On average, analysts predict that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $1.35 per share. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently made changes to their positions in the business. Rosenberg Matthew Hamilton raised its holdings in Huntington Ingalls Industries by 8.2% during the third quarter. Rosenberg Matthew Hamilton now owns 525 shares of the aerospace company’s stock worth $139,000 after purchasing an additional 40 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its stake in Huntington Ingalls Industries by 9.1% in the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 41 shares in the last quarter. Ballentine Partners LLC grew its holdings in shares of Huntington Ingalls Industries by 1.6% during the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock worth $647,000 after purchasing an additional 42 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Huntington Ingalls Industries by 16.4% during the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 45 shares in the last quarter. Finally, Hilltop National Bank lifted its holdings in shares of Huntington Ingalls Industries by 15.1% in the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.