Huntington Ingalls Industries (NYSE:HII) Downgraded by StockNews.com to Hold

Huntington Ingalls Industries (NYSE:HIIGet Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

HII has been the topic of several other reports. Sanford C. Bernstein dropped their target price on Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating on the stock in a report on Monday, February 13th. TheStreet upgraded Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. Finally, Credit Suisse Group dropped their target price on Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating on the stock in a report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $245.86.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $198.07 on Friday. The stock’s 50-day moving average is $203.35 and its 200-day moving average is $217.16. The company has a market cap of $7.90 billion, a price-to-earnings ratio of 13.97 and a beta of 0.63. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.96 and a quick ratio of 0.89. Huntington Ingalls Industries has a 12 month low of $188.51 and a 12 month high of $260.02.

Huntington Ingalls Industries (NYSE:HIIGet Rating) last released its quarterly earnings data on Thursday, May 4th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.23. The company had revenue of $2.67 billion for the quarter, compared to the consensus estimate of $2.60 billion. Huntington Ingalls Industries had a return on equity of 17.41% and a net margin of 5.27%. The company’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the business posted $3.50 EPS. Equities analysts anticipate that Huntington Ingalls Industries will post 14.41 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 1,717 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total transaction of $369,086.32. Following the sale, the vice president now directly owns 5,982 shares in the company, valued at approximately $1,285,890.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, VP Edgar A. Green III sold 1,545 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $219.21, for a total value of $338,679.45. Following the completion of the transaction, the vice president now owns 4,264 shares in the company, valued at approximately $934,711.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Edgar A. Green III sold 1,717 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the transaction, the vice president now owns 5,982 shares of the company’s stock, valued at approximately $1,285,890.72. The disclosure for this sale can be found here. Insiders have sold 3,762 shares of company stock worth $806,831 in the last three months. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in HII. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. grew its position in shares of Huntington Ingalls Industries by 175.0% in the 4th quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 110 shares of the aerospace company’s stock worth $25,000 after acquiring an additional 70 shares in the last quarter. Tanglewood Legacy Advisors LLC acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $26,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $32,000. Almanack Investment Partners LLC. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $42,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $43,000. Institutional investors and hedge funds own 86.63% of the company’s stock.

About Huntington Ingalls Industries

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).

See Also

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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