Huntington Ingalls Industries (NYSE:HII) Reaches New 1-Year High – Here’s What Happened

Huntington Ingalls Industries, Inc. (NYSE:HII)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $436.14 and last traded at $424.2810, with a volume of 102453 shares trading hands. The stock had previously closed at $425.39.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HII shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. The Goldman Sachs Group increased their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen boosted their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 18th. Five equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $343.63.

Huntington Ingalls Industries Trading Up 0.4%

The business’s 50 day simple moving average is $354.99 and its 200 day simple moving average is $306.44. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06. The company has a market capitalization of $16.76 billion, a price-to-earnings ratio of 29.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $2.56 earnings per share. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This represents a 8.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the sale, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,103 shares of company stock worth $5,477,768 over the last three months. 0.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently added to or reduced their stakes in HII. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 509.2% in the third quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after buying an additional 490,587 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $93,332,000. Sound Shore Management Inc CT acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $80,047,000. Orion Porfolio Solutions LLC boosted its position in shares of Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after purchasing an additional 190,434 shares in the last quarter. Finally, Sunriver Management LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth $31,532,000. Institutional investors and hedge funds 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.