Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by Wall Street Zen

Huntington Ingalls Industries (NYSE:HII) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

HII has been the subject of a number of other reports. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 5th. TD Cowen increased their price target on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. The Goldman Sachs Group lifted their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of “Moderate Buy” and a consensus target price of $384.13.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $408.31 on Friday. The business’s 50-day moving average price is $421.13 and its 200 day moving average price is $347.57. Huntington Ingalls Industries has a twelve month low of $177.42 and a twelve month high of $460.00. The company has a market capitalization of $16.02 billion, a PE ratio of 26.57, a price-to-earnings-growth ratio of 1.66 and a beta of 0.32. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company had revenue of $3.48 billion during the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the business earned $3.15 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. On average, research analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares of the company’s stock, valued at $8,601,082. This trade represents a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares in the company, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently bought and sold shares of HII. Northwestern Mutual Wealth Management Co. raised its stake in shares of Huntington Ingalls Industries by 38,526.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares during the period. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the period. Maverick Capital Ltd. acquired a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $93,332,000. Finally, Marshall Wace LLP grew its holdings in Huntington Ingalls Industries by 588.1% during the 4th quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock valued at $119,663,000 after purchasing an additional 300,740 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

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.