Huntington Ingalls Industries (NYSE:HII) Downgraded by StockNews.com to Hold

Huntington Ingalls Industries (NYSE:HII – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Friday.

Several other equities research analysts also recently weighed in on the company. TheStreet raised Huntington Ingalls Industries from a “c+” rating to a “b-” rating in a report on Wednesday, March 1st. Credit Suisse Group cut their price target on Huntington Ingalls Industries from $244.00 to $230.00 and set a “neutral” rating for the company in a research note on Friday, February 10th. Finally, Sanford C. Bernstein cut their price target on Huntington Ingalls Industries from $247.00 to $236.00 and set a “market perform” rating for the company in a research note on Monday, February 13th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $245.86.

Huntington Ingalls Industries Price Performance

HII stock opened at $198.07 on Friday. The company has a market capitalization of $7.90 billion, a P/E ratio of 13.97 and a beta of 0.63. Huntington Ingalls Industries has a twelve month low of $188.51 and a twelve month high of $260.02. The business has a 50 day simple moving average of $203.35 and a 200-day simple moving average of $217.16. The company has a current ratio of 0.96, a quick ratio of 0.89 and a debt-to-equity ratio of 0.70.

Huntington Ingalls Industries (NYSE:HII – Get Rating) last posted its quarterly earnings data on Thursday, May 4th. The aerospace company reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.00 by $0.23. The business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.60 billion. Huntington Ingalls Industries had a return on equity of 17.41% and a net margin of 5.27%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.50 earnings per share. As a group, equities analysts anticipate that Huntington Ingalls Industries will post 14.41 EPS for the current year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 1,717 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the transaction, the vice president now owns 5,982 shares in the company, valued at $1,285,890.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Huntington Ingalls Industries news, VP Edgar A. Green III sold 1,545 shares of the stock in a transaction on Monday, February 27th. The stock was sold at an average price of $219.21, for a total value of $338,679.45. Following the completion of the transaction, the vice president now owns 4,264 shares in the company, valued at $934,711.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edgar A. Green III sold 1,717 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $214.96, for a total value of $369,086.32. Following the completion of the transaction, the vice president now owns 5,982 shares of the company’s stock, valued at approximately $1,285,890.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,762 shares of company stock worth $806,831. 2.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. increased its position in shares of Huntington Ingalls Industries by 175.0% in the fourth quarter. Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. now owns 110 shares of the aerospace company’s stock valued at $25,000 after buying an additional 70 shares in the last quarter. Tanglewood Legacy Advisors LLC purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at $26,000. BOK Financial Private Wealth Inc. purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at $32,000. Almanack Investment Partners LLC. purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at $42,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter valued at $43,000. Hedge funds and other institutional investors own 86.63% of the company’s stock.

Huntington Ingalls Industries Company Profile

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Huntington Ingalls Industries, Inc engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Mission Technologies. The Ingalls segment designs and constructs non-nuclear ships, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC).