Barclays Issues Pessimistic Forecast for Huntington Ingalls Industries (NYSE:HII) Stock Price

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

Several other analysts have also recently issued reports on the stock. Vertical Research cut 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. The Goldman Sachs Group cut their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. JPMorgan Chase & Co. downgraded 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. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Friday, November 1st. Finally, StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $233.13.

Huntington Ingalls Industries Stock Up 1.2 %

Shares of Huntington Ingalls Industries stock opened at $193.24 on Monday. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The company has a market capitalization of $7.56 billion, a PE ratio of 10.91, a P/E/G ratio of 1.65 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The business has a 50-day moving average of $258.90 and a 200-day moving average of $258.22.

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

Institutional Trading of Huntington Ingalls Industries

Large investors have recently modified their holdings of the company. Norden Group LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $600,000. First Trust Direct Indexing L.P. acquired a new position in Huntington Ingalls Industries during the 1st quarter worth $210,000. Private Advisor Group LLC grew its stake in shares of Huntington Ingalls Industries by 239.2% in the first quarter. Private Advisor Group LLC now owns 4,352 shares of the aerospace company’s stock worth $1,269,000 after purchasing an additional 3,069 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Huntington Ingalls Industries by 18.6% during the first quarter. BNP Paribas Financial Markets now owns 79,585 shares of the aerospace company’s stock valued at $23,197,000 after purchasing an additional 12,495 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 4.8% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 1,385 shares of the aerospace company’s stock valued at $404,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

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.