Shares of Huntington Ingalls Industries Inc. (NYSE:HII) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $177.10 and last traded at $173.35, with a volume of 233,467 shares changing hands. The stock had previously closed at $174.09.

HII has been the topic of several recent research reports. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $161.00 price target on the stock in a report on Thursday, April 21st. Deutsche Bank AG reaffirmed a “buy” rating and issued a $190.00 price target (up previously from $167.00) on shares of Huntington Ingalls Industries in a report on Monday, July 11th. Goldman Sachs Group Inc. upped their price target on shares of Huntington Ingalls Industries from $139.00 to $148.00 and gave the company a “neutral” rating in a report on Tuesday, April 12th. Stifel Nicolaus downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating and set a $135.00 price target on the stock. in a report on Tuesday, May 24th. They noted that the move was a valuation call. Finally, Barclays PLC upped their price target on shares of Huntington Ingalls Industries from $125.00 to $135.00 and gave the company an “underweight” rating in a report on Monday, May 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $153.13.

The stock has a market capitalization of $8.12 billion and a price-to-earnings ratio of 18.31. The firm’s 50-day moving average price is $168.01 and its 200-day moving average price is $147.45.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, August 4th. The company reported $2.32 EPS for the quarter, meeting the Zacks’ consensus estimate of $2.32. During the same period in the prior year, the business earned $1.99 EPS. The firm earned $1.70 billion during the quarter, compared to the consensus estimate of $1.74 billion. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that Huntington Ingalls Industries Inc. will post $10.10 EPS for the current year.

In other news, VP D R. Wyatt sold 1,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $154.52, for a total value of $154,520.00. Following the transaction, the vice president now owns 21,049 shares of the company’s stock, valued at $3,252,491.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Jerri F. Dickseski sold 750 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $169.34, for a total transaction of $127,005.00. Following the completion of the transaction, the vice president now directly owns 34,670 shares in the company, valued at approximately $5,871,017.80. The disclosure for this sale can be found here.

Several institutional investors have recently added to or reduced their stakes in HII. Airain ltd raised its position in Huntington Ingalls Industries by 228.1% in the fourth quarter. Airain ltd now owns 8,489 shares of the company’s stock worth $1,077,000 after buying an additional 5,902 shares in the last quarter. I.G. Investment Management LTD. raised its position in shares of Huntington Ingalls Industries by 3.1% in the fourth quarter. I.G. Investment Management LTD. now owns 16,354 shares of the company’s stock worth $2,075,000 after buying an additional 492 shares during the period. First Trust Advisors LP raised its position in shares of Huntington Ingalls Industries by 6.8% in the fourth quarter. First Trust Advisors LP now owns 26,930 shares of the company’s stock worth $3,416,000 after buying an additional 1,725 shares during the period. WBI Investments Inc. bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $4,562,000. Finally, Catalyst Capital Advisors LLC bought a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $6,049,000.

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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