Vertical Research Initiates Coverage on Huntington Ingalls Industries (HII)

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Investment analysts at Vertical Research assumed coverage on shares of Huntington Ingalls Industries (NYSE:HII) in a research note issued to investors on Tuesday, The Fly reports. The brokerage set a “buy” rating on the aerospace company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Citigroup upgraded shares of Huntington Ingalls Industries from a “neutral” rating to a “buy” rating and set a $233.00 price objective on the stock in a report on Wednesday, May 9th. Zacks Investment Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, April 24th. Credit Suisse Group cut their price objective on shares of Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating on the stock in a report on Tuesday, May 22nd. Wells Fargo & Co upgraded shares of Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating in a report on Friday, May 4th. Finally, Barclays initiated coverage on shares of Huntington Ingalls Industries in a report on Thursday, March 29th. They issued an “overweight” rating and a $309.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $265.33.

Huntington Ingalls Industries opened at $214.02 on Tuesday, MarketBeat.com reports. Huntington Ingalls Industries has a 1 year low of $183.42 and a 1 year high of $276.69. The stock has a market capitalization of $9.48 billion, a P/E ratio of 17.63, a P/E/G ratio of 0.88 and a beta of 0.97. The company has a quick ratio of 1.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a return on equity of 34.69% and a net margin of 6.80%. The company had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same period in the previous year, the company earned $2.56 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 8.5% on a year-over-year basis. equities analysts anticipate that Huntington Ingalls Industries will post 16.2 earnings per share for the current fiscal year.

In other news, VP D R. Wyatt sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $222.67, for a total transaction of $222,670.00. Following the sale, the vice president now owns 20,170 shares in the company, valued at $4,491,253.90. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Stephen R. Wilson purchased 460 shares of the business’s stock in a transaction dated Monday, May 7th. The shares were purchased at an average price of $216.46 per share, for a total transaction of $99,571.60. Following the acquisition, the director now owns 460 shares of the company’s stock, valued at $99,571.60. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 2,460 shares of company stock worth $535,902. Corporate insiders own 2.32% of the company’s stock.

Large investors have recently bought and sold shares of the company. Whittier Trust Co. lifted its position in Huntington Ingalls Industries by 113.1% during the first quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock valued at $121,000 after purchasing an additional 250 shares during the period. Pettee Investors Inc. lifted its position in Huntington Ingalls Industries by 5.8% during the first quarter. Pettee Investors Inc. now owns 4,633 shares of the aerospace company’s stock valued at $1,194,000 after purchasing an additional 253 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Huntington Ingalls Industries by 4.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 6,611 shares of the aerospace company’s stock valued at $1,704,000 after purchasing an additional 267 shares during the period. Jane Street Group LLC lifted its position in Huntington Ingalls Industries by 8.4% during the fourth quarter. Jane Street Group LLC now owns 3,631 shares of the aerospace company’s stock valued at $856,000 after purchasing an additional 280 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. lifted its position in Huntington Ingalls Industries by 10.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,070 shares of the aerospace company’s stock valued at $791,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 86.64% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

The Fly

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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