Huntington Ingalls Industries (NYSE:HII) Raised to “Buy” at StockNews.com

Huntington Ingalls Industries (NYSE:HII – Get Rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other analysts have also issued research reports about the stock. Wolfe Research initiated coverage on shares of Huntington Ingalls Industries in a research report on Monday, October 10th. They set an “outperform” rating and a $315.00 target price on the stock. Barclays upgraded shares of Huntington Ingalls Industries from an “equal weight” rating to an “overweight” rating and set a $270.00 price target on the stock in a report on Thursday, December 8th. JPMorgan Chase & Co. decreased their price target on shares of Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, November 15th. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $171.00 to $190.00 and gave the company a “sell” rating in a report on Thursday, December 15th. Finally, Bank of America lowered shares of Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price target on the stock. in a report on Friday, November 11th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $253.90.

Huntington Ingalls Industries Stock Down 3.7 %

Shares of NYSE HII opened at $221.56 on Tuesday. Huntington Ingalls Industries has a 1 year low of $177.20 and a 1 year high of $260.02. The firm’s 50 day moving average price is $232.57 and its 200 day moving average price is $229.23. The firm has a market cap of $8.84 billion, a P/E ratio of 15.42 and a beta of 0.62. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.91 and a current ratio of 0.97.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its earnings results on Thursday, November 3rd. The aerospace company reported $3.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.09). Huntington Ingalls Industries had a return on equity of 19.81% and a net margin of 5.46%. The firm had revenue of $2.63 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter last year, the business posted $3.65 EPS. The firm’s revenue was up 12.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Huntington Ingalls Industries will post 14.69 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Yousif Capital Management LLC increased its stake in Huntington Ingalls Industries by 69.1% during the 4th quarter. Yousif Capital Management LLC now owns 7,520 shares of the aerospace company’s stock worth $1,735,000 after buying an additional 3,074 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Huntington Ingalls Industries by 26.5% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 511 shares of the aerospace company’s stock worth $118,000 after buying an additional 107 shares during the period. Martin Capital Partners LLC increased its stake in Huntington Ingalls Industries by 8.1% during the 4th quarter. Martin Capital Partners LLC now owns 2,402 shares of the aerospace company’s stock worth $554,000 after buying an additional 180 shares during the period. IMPACTfolio LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter worth $233,000. Finally, Robeco Institutional Asset Management B.V. increased its stake in Huntington Ingalls Industries by 235.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 15,855 shares of the aerospace company’s stock worth $3,514,000 after buying an additional 11,127 shares during the period. Hedge funds and other institutional investors own 86.63% of the company’s stock.

Huntington Ingalls Industries Company Profile

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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.