Huntington Ingalls Industries (NYSE:HII) Downgraded to Buy Rating by Wall Street Zen

Wall Street Zen downgraded shares of Huntington Ingalls Industries (NYSE:HII) from a strong-buy rating to a buy rating in a report published on Sunday morning.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 target price on the stock. Citigroup dropped their price target on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Bank of America upgraded shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $300.00 to $400.00 in a report on Thursday, February 12th. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Finally, TD Cowen lifted their target price on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $383.22.

Huntington Ingalls Industries Trading Down 0.1%

HII opened at $316.06 on Friday. The stock has a market capitalization of $12.45 billion, a PE ratio of 20.56, a P/E/G ratio of 1.34 and a beta of 0.29. Huntington Ingalls Industries has a one year low of $215.04 and a one year high of $460.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The business’s 50 day moving average price is $397.33 and its 200 day moving average price is $370.43.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.79 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries will post 17.33 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction dated 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 sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at $844,774.56. The trade was a 46.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Chad N. Boudreaux sold 4,400 shares of the stock in a transaction dated 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 completion of the transaction, the vice president owned 20,360 shares in the company, valued at approximately $8,601,082. The trade was a 17.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by company insiders.

Institutional Trading of Huntington Ingalls Industries

Institutional investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its stake in Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Huntington Ingalls Industries by 329.4% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after purchasing an additional 280 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Huntington Ingalls Industries by 432.1% in the 2nd quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock valued at $9,210,000 after purchasing an additional 30,975 shares during the last quarter. Cresset Asset Management LLC boosted its position in shares of Huntington Ingalls Industries by 23.0% in the 2nd quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock valued at $381,000 after purchasing an additional 294 shares during the period. Finally, Jump Financial LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $398,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.