Huntington Ingalls Industries (NYSE:HII) Stock Rating Lowered by Wolfe Research

Wolfe Research lowered shares of Huntington Ingalls Industries (NYSE:HIIFree Report) from an outperform rating to a peer perform rating in a research note released on Thursday, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. lowered 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 report on Monday, September 9th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $290.00.

View Our Latest Research Report on HII

Huntington Ingalls Industries Stock Up 2.6 %

NYSE HII opened at $259.39 on Thursday. The stock has a 50 day moving average price of $265.79 and a 200-day moving average price of $262.32. Huntington Ingalls Industries has a one year low of $212.58 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The company has a market capitalization of $10.23 billion, a P/E ratio of 14.62, a P/E/G ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business earned $3.27 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 6.8% compared to the same quarter last year. As a group, equities analysts predict that Huntington Ingalls Industries will post 16.56 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $1.30 per share. The ex-dividend date was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.00%. Huntington Ingalls Industries’s dividend payout ratio is presently 29.31%.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HII. Raleigh Capital Management Inc. bought a new position in Huntington Ingalls Industries in the 4th quarter worth about $181,000. Integrated Advisors Network LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $424,000. EP Wealth Advisors LLC bought a new position in Huntington Ingalls Industries in the fourth quarter worth approximately $228,000. Royal London Asset Management Ltd. raised its position in Huntington Ingalls Industries by 147.9% during the 4th quarter. Royal London Asset Management Ltd. now owns 1,279 shares of the aerospace company’s stock valued at $332,000 after purchasing an additional 763 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 11.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 12,393 shares of the aerospace company’s stock worth $3,218,000 after buying an additional 1,290 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

About Huntington Ingalls Industries

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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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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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