Huntington Ingalls Industries (NYSE:HII) Lifted to Hold at ValuEngine

Huntington Ingalls Industries (NYSE:HII) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.

Several other brokerages have also issued reports on HII. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Thursday, January 17th. Sanford C. Bernstein dropped their target price on Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Drexel Hamilton restated a “buy” rating and issued a $265.00 target price on shares of Huntington Ingalls Industries in a report on Wednesday, November 14th. Bank of America dropped their target price on Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating on the stock in a report on Friday, November 9th. Finally, Barclays dropped their target price on Huntington Ingalls Industries from $280.00 to $245.00 and set an “overweight” rating on the stock in a report on Tuesday, December 4th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $248.00.

Shares of HII stock traded up $0.59 on Monday, hitting $210.00. The company had a trading volume of 434,944 shares, compared to its average volume of 295,545. The stock has a market cap of $9.02 billion, a price-to-earnings ratio of 11.00 and a beta of 1.16. The company has a current ratio of 0.95, a quick ratio of 0.88 and a debt-to-equity ratio of 0.85. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $267.73.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 14th. The aerospace company reported $4.94 earnings per share for the quarter, beating the consensus estimate of $4.45 by $0.49. The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Huntington Ingalls Industries had a return on equity of 49.48% and a net margin of 10.23%. The business’s quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.11 earnings per share. Sell-side analysts forecast that Huntington Ingalls Industries will post 15.44 earnings per share for the current year.

In other Huntington Ingalls Industries news, Director Thomas B. Fargo sold 700 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $220.57, for a total transaction of $154,399.00. Following the completion of the sale, the director now owns 648 shares of the company’s stock, valued at $142,929.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP D R. Wyatt sold 1,100 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $220.72, for a total value of $242,792.00. Following the sale, the vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $4,209,130.40. The disclosure for this sale can be found here. 2.32% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Kentucky Retirement Systems bought a new stake in Huntington Ingalls Industries during the fourth quarter worth about $355,000. Amalgamated Bank increased its holdings in shares of Huntington Ingalls Industries by 45.6% in the fourth quarter. Amalgamated Bank now owns 9,969 shares of the aerospace company’s stock worth $1,897,000 after buying an additional 3,120 shares during the period. Macquarie Group Ltd. increased its holdings in shares of Huntington Ingalls Industries by 11.0% in the fourth quarter. Macquarie Group Ltd. now owns 36,395 shares of the aerospace company’s stock worth $6,926,000 after buying an additional 3,595 shares during the period. Legal & General Group Plc increased its holdings in shares of Huntington Ingalls Industries by 6.6% in the fourth quarter. Legal & General Group Plc now owns 239,253 shares of the aerospace company’s stock worth $45,518,000 after buying an additional 14,760 shares during the period. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Huntington Ingalls Industries by 1.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 594,680 shares of the aerospace company’s stock worth $113,174,000 after buying an additional 7,044 shares during the period. 86.64% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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