Deutsche Bank Aktiengesellschaft Lowers Huntington Ingalls Industries (NYSE:HII) Price Target to $191.00

Huntington Ingalls Industries (NYSE:HII) had its price target decreased by Deutsche Bank Aktiengesellschaft from $273.00 to $191.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the aerospace company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 0.94% from the stock’s current price.

HII has been the subject of several other research reports. Vertical Research lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. 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 price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a research report on Friday. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. 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’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $241.88.

Huntington Ingalls Industries Trading Up 2.3 %

NYSE:HII opened at $189.23 on Friday. 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 has a one year low of $184.29 and a one year high of $299.50. The company has a market cap of $7.42 billion, a PE ratio of 10.68, a PEG ratio of 1.62 and a beta of 0.56. The firm has a 50-day moving average of $260.62 and a 200-day moving average of $258.96.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the company earned $3.70 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries will post 16.49 EPS for the current fiscal year.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several large investors have recently modified their holdings of HII. Van ECK Associates Corp lifted its stake in shares of Huntington Ingalls Industries by 94.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after acquiring an additional 215,362 shares in the last quarter. Earnest Partners LLC boosted its holdings in shares of 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 acquiring an additional 11,693 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Huntington Ingalls Industries by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock worth $128,443,000 after acquiring an additional 40,942 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.7% in the second 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. Hedge funds and other institutional investors 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.