StockNews.com Upgrades Huntington Ingalls Industries (NYSE:HII) to Strong-Buy

Huntington Ingalls Industries (NYSE:HII) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Several other equities analysts also recently issued reports on HII. JPMorgan Chase & Co. raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and cut their target price for the company from $250.00 to $247.00 in a research report on Thursday, September 28th. Deutsche Bank Aktiengesellschaft started coverage on Huntington Ingalls Industries in a research report on Wednesday, September 27th. They issued a “hold” rating and a $217.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $231.43.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $232.28 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The business’s fifty day simple moving average is $214.52 and its 200-day simple moving average is $215.54. Huntington Ingalls Industries has a 12-month low of $188.51 and a 12-month high of $246.67. The company has a market cap of $9.26 billion, a PE ratio of 17.85, a PEG ratio of 2.47 and a beta of 0.60.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,370 shares of the company’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $222.00, for a total value of $304,140.00. Following the sale, the vice president now directly owns 9,620 shares of the company’s stock, valued at $2,135,640. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Jennifer R. Boykin sold 1,370 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $222.00, for a total transaction of $304,140.00. Following the sale, the vice president now directly owns 9,620 shares of the company’s stock, valued at approximately $2,135,640. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Chad N. Boudreaux sold 1,612 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $217.38, for a total transaction of $350,416.56. Following the sale, the vice president now directly owns 15,210 shares in the company, valued at $3,306,349.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,482 shares of company stock valued at $768,152. 2.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds have recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $25,000. Headlands Technologies LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth about $39,000. Almanack Investment Partners LLC. acquired a new position in shares of Huntington Ingalls Industries during the 3rd quarter worth about $42,000. Van ECK Associates Corp acquired a new position in shares of Huntington Ingalls Industries during the 1st quarter worth about $43,000. Finally, Signaturefd LLC raised its position in shares of Huntington Ingalls Industries by 28.9% during the 2nd quarter. Signaturefd LLC now owns 205 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 46 shares during the last quarter. 89.18% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. 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.