Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by Wall Street Zen

Huntington Ingalls Industries (NYSE:HII) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report issued on Sunday.

Several other brokerages have also weighed in on HII. The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Melius raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Citigroup lifted 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. Sanford C. Bernstein restated a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Finally, TD Cowen increased their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $335.00.

Huntington Ingalls Industries Trading Up 1.5%

Shares of Huntington Ingalls Industries stock opened at $425.35 on Friday. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $427.72. The firm has a market cap of $16.69 billion, a PE ratio of 29.38, a P/E/G ratio of 1.72 and a beta of 0.36. The business’s fifty day moving average is $340.10 and its two-hundred day moving average is $298.59. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54.

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

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the sale, the chief executive officer directly owned 68,139 shares in the company, valued at $21,876,707.34. The trade was a 18.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at approximately $760,122.48. The trade was a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 17,103 shares of company stock valued at $5,477,768 over the last ninety days. Insiders own 0.86% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Perigon Wealth Management LLC grew its holdings in Huntington Ingalls Industries by 87.0% during the 4th quarter. Perigon Wealth Management LLC now owns 1,324 shares of the aerospace company’s stock worth $450,000 after acquiring an additional 616 shares in the last quarter. Balboa Wealth Partners acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter valued at about $235,000. Aberdeen Group plc lifted its position in shares of Huntington Ingalls Industries by 32.2% during the fourth quarter. Aberdeen Group plc now owns 2,938 shares of the aerospace company’s stock worth $999,000 after purchasing an additional 716 shares during the last quarter. Earned Wealth Advisors LLC acquired a new position in Huntington Ingalls Industries in the fourth quarter worth about $229,000. Finally, Banque Pictet & Cie SA bought a new stake in Huntington Ingalls Industries in the fourth quarter valued at about $260,000. 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.