Huntington Ingalls Industries (NYSE:HII) Raised to Overweight at Alembic Global Advisors

Huntington Ingalls Industries (NYSE:HII) was upgraded by equities research analysts at Alembic Global Advisors from a “neutral” rating to an “overweight” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $265.00 price target on the aerospace company’s stock. Alembic Global Advisors’ price objective points to a potential upside of 15.22% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $244.56.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $229.99 on Thursday. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 1.15 and a beta of 0.31. The stock has a fifty day moving average of $212.88 and a two-hundred day moving average of $198.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter last year, the company earned $3.87 earnings per share. The business’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, analysts anticipate that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Insider Activity

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total transaction of $455,856.80. Following the transaction, the director now directly owns 17,485 shares of the company’s stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total transaction of $142,170.00. Following the sale, the chief accounting officer now owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,010 shares of company stock valued at $899,510 in the last ninety days. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently made changes to their positions in the business. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries in the 1st quarter valued at $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Huntington Ingalls Industries by 503.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company’s stock worth $30,000 after buying an additional 131 shares during the period. HM Payson & Co. grew its stake in shares of Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock valued at $31,000 after buying an additional 64 shares in the last quarter. Park Square Financial Group LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at about $31,000. Finally, Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at about $36,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs 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.