Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by Cowen

Huntington Ingalls Industries (NYSE:HIIGet Rating) was upgraded by stock analysts at Cowen from a “market perform” rating to an “outperform” rating in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a $270.00 target price on the aerospace company’s stock, up from their prior target price of $200.00. Cowen’s price objective would indicate a potential upside of 21.26% from the company’s current price.

HII has been the topic of a number of other reports. TheStreet upgraded shares of Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a research report on Thursday, March 3rd. Vertical Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $250.00 target price for the company in a research note on Thursday, March 17th. JPMorgan Chase & Co. lowered their target price on Huntington Ingalls Industries from $220.00 to $210.00 and set a “neutral” rating for the company in a research note on Monday, February 14th. Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $200.00 to $270.00 in a research note on Thursday. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $205.00 target price for the company in a research note on Monday, January 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $231.78.

Shares of NYSE:HII opened at $222.67 on Thursday. The company has a market capitalization of $8.92 billion, a price-to-earnings ratio of 16.47 and a beta of 0.90. The firm’s 50 day simple moving average is $200.03 and its 200 day simple moving average is $195.13. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.15 and a quick ratio of 1.08. Huntington Ingalls Industries has a fifty-two week low of $175.50 and a fifty-two week high of $228.66.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last announced its quarterly earnings results on Thursday, February 10th. The aerospace company reported $2.99 earnings per share for the quarter, missing analysts’ consensus estimates of $3.06 by ($0.07). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.66 billion. Huntington Ingalls Industries had a net margin of 5.71% and a return on equity of 24.06%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.35 earnings per share. Equities research analysts expect that Huntington Ingalls Industries will post 15.4 earnings per share for the current year.

In related news, CAO Nicolas G. Schuck sold 776 shares of the firm’s stock in a transaction on Thursday, March 3rd. The shares were sold at an average price of $211.65, for a total value of $164,240.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP D R. Wyatt sold 550 shares of the firm’s stock in a transaction on Thursday, February 24th. The shares were sold at an average price of $185.56, for a total transaction of $102,058.00. The disclosure for this sale can be found here. Insiders have sold a total of 2,354 shares of company stock valued at $474,335 over the last ninety days. Company insiders own 2.16% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its stake in shares of Huntington Ingalls Industries by 4.4% in the fourth quarter. State Street Corp now owns 3,410,095 shares of the aerospace company’s stock valued at $636,801,000 after buying an additional 144,216 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Huntington Ingalls Industries by 0.7% in the third quarter. Franklin Resources Inc. now owns 1,375,845 shares of the aerospace company’s stock valued at $265,620,000 after buying an additional 9,726 shares in the last quarter. Bank of America Corp DE lifted its holdings in Huntington Ingalls Industries by 32.7% during the 2nd quarter. Bank of America Corp DE now owns 833,456 shares of the aerospace company’s stock valued at $175,652,000 after purchasing an additional 205,244 shares during the last quarter. Boston Partners lifted its holdings in Huntington Ingalls Industries by 2.5% during the 3rd quarter. Boston Partners now owns 793,337 shares of the aerospace company’s stock valued at $153,180,000 after purchasing an additional 19,081 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Huntington Ingalls Industries by 16.7% during the 4th quarter. Invesco Ltd. now owns 775,921 shares of the aerospace company’s stock valued at $144,895,000 after purchasing an additional 110,773 shares during the last quarter. 84.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile (Get Rating)

Huntington Ingalls Industries, Inc engages in 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; 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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