Huntington Ingalls Industries, Inc. (NYSE:HII) Given Average Rating of “Hold” by Analysts

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given an average recommendation of “Hold” by the eleven brokerages that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $343.6250.

Several equities analysts have issued reports on HII shares. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. TD Cowen increased their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a report on Friday, October 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Thursday, January 22nd.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Chad N. Boudreaux sold 787 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the transaction, the vice president owned 20,441 shares in the company, valued at $6,421,948.97. The trade was a 3.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,637 shares of company stock worth $5,331,276. Corporate insiders own 0.86% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. grew its position in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after purchasing an additional 59 shares in the last quarter. Farther Finance Advisors LLC lifted its position in Huntington Ingalls Industries by 11.3% during the second quarter. Farther Finance Advisors LLC now owns 572 shares of the aerospace company’s stock worth $138,000 after buying an additional 58 shares in the last quarter. Park Avenue Securities LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth $369,000. Greenleaf Trust purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $206,000. Finally, Union Bancaire Privee UBP SA purchased a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $3,009,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Trading Up 2.1%

Shares of NYSE:HII opened at $429.17 on Wednesday. The business’s 50 day moving average price is $364.28 and its 200-day moving average price is $311.56. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $436.14. The firm has a market capitalization of $16.84 billion, a price-to-earnings ratio of 29.64, a price-to-earnings-growth ratio of 1.69 and a beta of 0.34. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06.

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.