Huntington Ingalls Industries (NYSE:HII) Raised to “Hold” at Wells Fargo & Company

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

HII has been the topic of several other research reports. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Citigroup boosted their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research report on Tuesday, February 10th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 19th. Finally, TD Cowen lifted their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a research note on Friday, March 6th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $385.89.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $392.70 on Tuesday. The company has a fifty day moving average price of $416.64 and a 200-day moving average price of $353.59. The firm has a market cap of $15.41 billion, a price-to-earnings ratio of 25.55, a PEG ratio of 1.55 and a beta of 0.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. Huntington Ingalls Industries has a 1 year low of $177.42 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share 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 for the quarter, compared to analyst estimates of $3.09 billion. During the same period last year, the firm earned $3.15 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. As a group, equities research analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NBC Securities Inc. boosted its holdings in Huntington Ingalls Industries by 87.2% in the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares in the last quarter. CYBER HORNET ETFs LLC purchased a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $25,000. Rakuten Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 63 shares in the last quarter. Versant Capital Management Inc lifted its position in Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Finally, Motiv8 Investments LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $38,000. 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.