Huntington Ingalls Industries (NYSE:HII) Upgraded at Wall Street Zen

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

Other research analysts also recently issued research reports about the company. Melius raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen raised their price target 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. Citigroup upped their price target on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $343.63.

Huntington Ingalls Industries Trading Down 2.5%

HII opened at $415.28 on Friday. The firm’s 50 day moving average is $341.92 and its 200-day moving average is $299.74. Huntington Ingalls Industries has a 52-week low of $158.88 and a 52-week high of $432.00. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $16.30 billion, a P/E ratio of 28.68, a P/E/G ratio of 1.72 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 for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the business earned $2.56 EPS. The business’s revenue was up 16.1% on a year-over-year basis. Analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 850 shares of the company’s stock in a transaction on Thursday, November 20th. The stock was 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 directly owned 8,731 shares in the company, valued at $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 is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 466 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares of the company’s stock, valued at approximately $760,122.48. This trade represents a 16.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 17,103 shares of company stock worth $5,477,768. Insiders own 0.86% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds have recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares during the period. SouthState Corp raised its stake in shares of Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares in the last quarter. Anchor Investment Management LLC lifted its holdings in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the period. Finally, Versant Capital Management Inc grew its position in Huntington Ingalls Industries by 120.0% in the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.