Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Recommendation of “Hold” by Brokerages

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have earned a consensus recommendation of “Hold” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $343.6250.

Several research firms recently weighed in on HII. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Sunday, January 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday, January 22nd. Citigroup boosted their price objective on Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, November 7th.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $422.61 on Wednesday. The company has a market cap of $16.58 billion, a PE ratio of 29.19, a P/E/G ratio of 1.66 and a beta of 0.36. The company has a fifty day moving average price of $352.69 and a two-hundred day moving average price of $305.60. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. Huntington Ingalls Industries has a 12 month low of $158.88 and a 12 month high of $432.00.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the company earned $2.56 earnings per share. The firm’s revenue was up 16.1% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Insider Activity

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the transaction, the chief accounting officer owned 2,418 shares in the company, valued at approximately $760,122.48. This represents a 16.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the sale, the vice president directly owned 8,731 shares in the company, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 17,103 shares of company stock worth $5,477,768 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HII. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Rakuten Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the period. SouthState Corp raised its stake in shares of Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Anchor Investment Management LLC raised its stake in shares of Huntington Ingalls Industries by 400.0% during the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Huntington Ingalls Industries by 120.0% in the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the period. 90.46% of the stock is owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.