MDP, have you read through the accuracy tips in the FAQ's? They are in the stickies at the top of this forum.
That bad a problem usually indicates a scope mount moving or some such. The scope rails come mounted, but it's usually best to take them off, bed them with Loctite and reassemble.
Make sure the latch and shelf are dry. I carry alchohol wipes in my kit to wipe the oil off when I go to the range.
Try shooting with the fore end off, but I doubt this would account for that bad accuracy.
If all else fails, contact H&R, they guarantee 2" at 100 yds. with factory ammo.
Best of luck, and don't let it whip ya!
Ben