Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by Wells Fargo & Company

Huntington Ingalls Industries (NYSE:HII) was upgraded by equities research analysts at Wells Fargo & Company to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

HII has been the subject of several other reports. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. The Goldman Sachs Group boosted their target price on Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. TD Cowen raised their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and an average price target of $385.89.

Huntington Ingalls Industries Trading Up 3.4%

HII stock opened at $392.70 on Tuesday. The company has a market capitalization of $15.41 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. Huntington Ingalls Industries has a one year low of $177.42 and a one year high of $460.00. The company’s 50 day moving average price is $416.64 and its two-hundred day moving average price is $353.59. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. 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 prior year, the company earned $3.15 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the completion of the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at $844,774.56. This represents a 46.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction that occurred on 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 completion of the sale, the vice president owned 20,360 shares of the company’s stock, valued at approximately $8,601,082. This trade represents a 17.77% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hsbc Holdings PLC raised its holdings in Huntington Ingalls Industries by 5.3% in the 4th quarter. Hsbc Holdings PLC now owns 48,606 shares of the aerospace company’s stock worth $16,543,000 after purchasing an additional 2,435 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Huntington Ingalls Industries by 4.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,219 shares of the aerospace company’s stock valued at $3,135,000 after buying an additional 364 shares during the period. Corient Private Wealth LLC raised its stake in Huntington Ingalls Industries by 11.7% in the fourth quarter. Corient Private Wealth LLC now owns 15,532 shares of the aerospace company’s stock worth $5,283,000 after buying an additional 1,628 shares in the last quarter. Rehmann Capital Advisory Group bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $207,000. Finally, Anchor Investment Management LLC grew its holdings in shares of Huntington Ingalls Industries by 44.0% during the 4th quarter. Anchor Investment Management LLC now owns 180 shares of the aerospace company’s stock worth $61,000 after acquiring an additional 55 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.