Cowen and Company downgraded shares of Huntington Ingalls Industries Inc. (NYSE:HII) from an outperform rating to a market perform rating in a research note published on Tuesday morning. Cowen and Company currently has $165.00 price objective on the stock, down from their previous price objective of $185.00.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

Several other equities analysts have also recently issued reports on HII. Stifel Nicolaus cut Huntington Ingalls Industries from a hold rating to a sell rating and set a $135.00 price objective for the company. in a research note on Tuesday, May 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded Huntington Ingalls Industries from a hold rating to a buy rating and set a $180.00 target price for the company in a research note on Wednesday, June 29th. Deutsche Bank AG restated a buy rating and set a $190.00 target price (up previously from $167.00) on shares of Huntington Ingalls Industries in a research note on Monday, July 11th. Wells Fargo & Co. cut Huntington Ingalls Industries from an outperform rating to a market perform rating in a research note on Friday, August 5th. They noted that the move was a valuation call. Finally, Citigroup Inc. boosted their target price on Huntington Ingalls Industries from $180.00 to $191.00 and gave the stock a buy rating in a research note on Tuesday, September 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of Hold and a consensus target price of $159.00.

Shares of Huntington Ingalls Industries (NYSE:HII) opened at 149.11 on Tuesday. The firm has a market cap of $6.98 billion, a PE ratio of 16.52 and a beta of 1.41. Huntington Ingalls Industries has a 52 week low of $103.43 and a 52 week high of $177.10. The stock’s 50 day moving average is $165.62 and its 200-day moving average is $156.21.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 4th. The company reported $2.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.32. The business earned $1.70 billion during the quarter, compared to analysts’ expectations of $1.74 billion. Huntington Ingalls Industries had a return on equity of 30.49% and a net margin of 6.00%. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.99 EPS. On average, equities analysts predict that Huntington Ingalls Industries will post $10.53 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Friday, August 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Wednesday, August 24th. Huntington Ingalls Industries’s payout ratio is currently 22.17%.

In other news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $169.00, for a total value of $135,200.00. Following the transaction, the vice president now owns 20,249 shares of the company’s stock, valued at $3,422,081. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jerri F. Dickseski sold 750 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $169.34, for a total value of $127,005.00. Following the completion of the transaction, the vice president now directly owns 34,670 shares in the company, valued at approximately $5,871,017.80. The disclosure for this sale can be found here. 2.76% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HII. Nomura Holdings Inc. raised its position in Huntington Ingalls Industries by 82.0% in the second quarter. Nomura Holdings Inc. now owns 3,070 shares of the company’s stock worth $514,000 after buying an additional 1,383 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its position in Huntington Ingalls Industries by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 8,118 shares of the company’s stock worth $1,364,000 after buying an additional 42 shares during the last quarter. Mason Street Advisors LLC bought a new position in Huntington Ingalls Industries during the second quarter worth about $3,603,000. IFP Advisors Inc raised its position in Huntington Ingalls Industries by 4.1% in the second quarter. IFP Advisors Inc now owns 1,174 shares of the company’s stock worth $197,000 after buying an additional 46 shares during the last quarter. Finally, Sterling Capital Management LLC raised its position in Huntington Ingalls Industries by 0.7% in the second quarter. Sterling Capital Management LLC now owns 18,912 shares of the company’s stock worth $3,178,000 after buying an additional 131 shares during the last quarter. 88.59% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

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