Huntington Ingalls Industries (NYSE:HII) Upgraded by StockNews.com to Buy

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

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. decreased their price target on Huntington Ingalls Industries from $258.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 15th. Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $259.00 to $244.00 and set a “neutral” rating on the stock in a research note on Thursday, January 12th. Bank of America lowered Huntington Ingalls Industries from a “neutral” rating to an “underperform” rating and set a $230.00 price objective on the stock. in a research note on Friday, November 11th. Wolfe Research initiated coverage on Huntington Ingalls Industries in a research note on Monday, October 10th. They issued an “outperform” rating and a $315.00 price objective on the stock. Finally, TheStreet lowered Huntington Ingalls Industries from a “b” rating to a “c+” rating in a research note on Tuesday, November 29th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $252.40.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $221.55 on Wednesday. The stock’s fifty day simple moving average is $229.76 and its 200 day simple moving average is $229.53. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a market cap of $8.84 billion, a price-to-earnings ratio of 15.42 and a beta of 0.62. Huntington Ingalls Industries has a one year low of $177.20 and a one year high of $260.02.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The aerospace company reported $3.44 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.09). The company had revenue of $2.63 billion during the quarter, compared to analyst estimates of $2.69 billion. Huntington Ingalls Industries had a net margin of 5.46% and a return on equity of 19.81%. Huntington Ingalls Industries’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.65 EPS. On average, analysts expect that Huntington Ingalls Industries will post 14.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HII. HighTower Advisors LLC boosted its position in Huntington Ingalls Industries by 1.2% during the first quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock valued at $1,403,000 after purchasing an additional 87 shares during the last quarter. D.A. Davidson & CO. raised its stake in Huntington Ingalls Industries by 27.5% in the first quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock valued at $293,000 after buying an additional 316 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $60,000. MetLife Investment Management LLC raised its stake in Huntington Ingalls Industries by 23.0% in the first quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock valued at $2,171,000 after buying an additional 2,035 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Huntington Ingalls Industries by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 332 shares during the period. 86.63% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines.