Bank of America upgraded shares of Huntington Ingalls Industries, Inc. (NYSE:HII) from a neutral rating to a buy rating in a research report released on Thursday.

HII has been the topic of a number of other reports. Cowen and Company downgraded shares of Huntington Ingalls Industries from an outperform rating to a market perform rating and dropped their price objective for the company from $185.00 to $165.00 in a research note on Tuesday, September 20th. Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a hold rating to a buy rating and set a $206.00 price objective on the stock in a research note on Tuesday, January 3rd. Wells Fargo & Company reiterated a hold rating on shares of Huntington Ingalls Industries in a research note on Monday, November 14th. Finally, Deutsche Bank AG increased their price objective on shares of Huntington Ingalls Industries from $190.00 to $198.00 and gave the company a buy rating in a research note on Monday, December 5th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $161.78.

Shares of Huntington Ingalls Industries (NYSE:HII) traded up 0.27% during trading on Thursday, reaching $191.58. 343,873 shares of the company were exchanged. Huntington Ingalls Industries has a 1-year low of $118.20 and a 1-year high of $197.28. The firm has a market capitalization of $8.88 billion, a PE ratio of 21.32 and a beta of 1.19. The company’s 50-day moving average is $184.57 and its 200 day moving average is $169.04.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $2.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.13. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The firm earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company earned $1.98 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries will post $10.36 EPS for the current fiscal year.

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In other Huntington Ingalls Industries news, VP Christopher D. Kastner sold 2,000 shares of the firm’s stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $165.90, for a total value of $331,800.00. Following the completion of the transaction, the vice president now owns 39,581 shares of the company’s stock, valued at $6,566,487.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Jerri F. Dickseski sold 776 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $185.00, for a total transaction of $143,560.00. Following the completion of the transaction, the vice president now directly owns 33,269 shares of the company’s stock, valued at approximately $6,154,765. The disclosure for this sale can be found here. 2.76% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MSI Financial Services Inc boosted its position in Huntington Ingalls Industries by 16.2% in the third quarter. MSI Financial Services Inc now owns 724 shares of the company’s stock worth $111,000 after buying an additional 101 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Huntington Ingalls Industries by 33.3% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 800 shares of the company’s stock worth $123,000 after buying an additional 200 shares in the last quarter. Old Mutual Global Investors UK Ltd. bought a new position in Huntington Ingalls Industries during the third quarter worth about $132,000. Herndon Capital Management LLC boosted its position in Huntington Ingalls Industries by 6.7% in the second quarter. Herndon Capital Management LLC now owns 830 shares of the company’s stock worth $139,000 after buying an additional 52 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in Huntington Ingalls Industries by 117.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 1,085 shares of the company’s stock worth $165,000 after buying an additional 585 shares in the last quarter. 89.84% of the stock is owned by institutional investors and hedge funds.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

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