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

Huntington Ingalls Industries (NYSE:HII - Get Free Report) had its price target lowered by investment analysts at Barclays from $290.00 to $220.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the aerospace company's stock. Barclays's target price would indicate a potential upside of 15.16% from the company's current price.

A number of other analysts also recently weighed in on HII. The Goldman Sachs Group cut their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating for the company in a research report on Friday. TD Cowen downgraded 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. Vertical Research cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. StockNews.com lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $233.13.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII traded up $1.81 on Monday, hitting $191.04. The company had a trading volume of 849,569 shares, compared to its average volume of 324,798. The stock has a 50 day moving average price of $260.62 and a 200 day moving average price of $258.77. The company has a current ratio of 0.79, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The stock has a market cap of $7.49 billion, a price-to-earnings ratio of 10.79, a P/E/G 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.

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

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $31,000. Larson Financial Group LLC boosted its stake in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Evermay Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter worth $31,000. 90.46% of the stock is 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.