Huntington Ingalls Industries (NYSE:HII) had its target price decreased by Bank of America from $335.00 to $305.00 in a report issued on Friday morning, MarketBeat.com reports. Bank of America currently has a buy rating on the aerospace company’s stock.

Several other research firms also recently weighed in on HII. Seaport Global Securities assumed coverage on Huntington Ingalls Industries in a research report on Thursday, August 23rd. They set a neutral rating and a $260.00 target price on the stock. Goldman Sachs Group downgraded Huntington Ingalls Industries from a neutral rating to a sell rating and set a $208.00 target price on the stock. in a research report on Thursday, October 11th. Buckingham Research assumed coverage on Huntington Ingalls Industries in a research report on Wednesday, September 12th. They set a buy rating and a $297.00 target price on the stock. UBS Group assumed coverage on Huntington Ingalls Industries in a research report on Wednesday, August 15th. They set a buy rating and a $290.00 target price on the stock. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a sell rating to a hold rating and set a $262.00 target price on the stock in a research report on Friday, August 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $262.83.

NYSE HII traded up $3.59 on Friday, hitting $223.65. 569,941 shares of the company traded hands, compared to its average volume of 422,193. The company has a market capitalization of $10.14 billion, a PE ratio of 18.42, a price-to-earnings-growth ratio of 0.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 1.43. Huntington Ingalls Industries has a 52-week low of $201.91 and a 52-week high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.14 by $1.15. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $1.90 billion. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. Huntington Ingalls Industries’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.27 earnings per share. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 17.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be issued a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.72. This represents a $3.44 dividend on an annualized basis and a yield of 1.54%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 23.72%.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of the firm’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the sale, the vice president now directly owns 34,750 shares of the company’s stock, valued at $8,959,940. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.22% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of HII. First Command Bank bought a new stake in Huntington Ingalls Industries during the second quarter valued at about $101,000. First Command Financial Services Inc. bought a new stake in Huntington Ingalls Industries during the second quarter valued at about $101,000. Piedmont Investment Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the second quarter worth about $110,000. Ayalon Holdings Ltd. bought a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $110,000. Finally, Welch Group LLC bought a new stake in shares of Huntington Ingalls Industries in the third quarter worth about $110,000. 85.56% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock 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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