Huntington Ingalls Industries (NYSE:HII - Get Free Report) had its price target cut by The Goldman Sachs Group from $188.00 to $145.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "sell" rating on the aerospace company's stock. The Goldman Sachs Group's target price would indicate a potential downside of 10.06% from the company's current price.
Several other brokerages also recently issued reports on HII. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price objective on the stock. in a research note on Friday, November 1st. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research report on Wednesday, November 13th. TD Cowen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Barclays reduced their price target on Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a research report on Friday, November 1st. Two equities research analysts have 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, Huntington Ingalls Industries has an average rating of "Hold" and a consensus price target of $221.22.
Read Our Latest Research Report on HII
Huntington Ingalls Industries Price Performance
HII traded down $2.28 during midday trading on Monday, reaching $161.22. 427,835 shares of the company's stock were exchanged, compared to its average volume of 590,556. Huntington Ingalls Industries has a 1-year low of $158.88 and a 1-year high of $299.50. The stock has a market capitalization of $6.31 billion, a PE ratio of 11.56, a P/E/G ratio of 1.43 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 0.73. The business's 50-day moving average price is $191.27 and its 200 day moving average price is $227.12.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, equities analysts anticipate that Huntington Ingalls Industries will post 15.14 EPS for the current fiscal year.
Institutional Investors Weigh In On Huntington Ingalls Industries
Institutional investors have recently made changes to their positions in the company. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries in the third quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares in the last quarter. Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries during the third quarter worth about $40,000. Truvestments Capital LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $42,000. Finally, Wingate Wealth Advisors Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at $48,000. 90.46% of the stock is currently owned by institutional investors.
Huntington Ingalls Industries Company Profile
(
Get Free Report)
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.
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