Huntington Ingalls Industries (NYSE:HII) Upgraded by Bank of America to “Neutral” Rating

Huntington Ingalls Industries (NYSE:HII) was upgraded by analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a $400.00 price objective on the aerospace company’s stock. Bank of America‘s price objective would indicate a potential upside of 1.71% from the company’s previous close.

Several other analysts also recently weighed in on HII. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 31st. Sanford C. Bernstein restated a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Citigroup raised their target price on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has an average rating of “Hold” and an average price target of $370.38.

Huntington Ingalls Industries Stock Down 1.5%

Shares of Huntington Ingalls Industries stock opened at $393.26 on Thursday. The stock has a market capitalization of $15.43 billion, a price-to-earnings ratio of 25.59, a PEG ratio of 1.68 and a beta of 0.34. Huntington Ingalls Industries has a twelve month low of $159.41 and a twelve month high of $436.14. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The business’s 50 day simple moving average is $374.49 and its 200-day simple moving average is $316.93.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the business earned $3.15 EPS. Equities research analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Insider Activity

In related news, VP Edmond E. Jr. Hughes sold 850 shares of Huntington Ingalls Industries stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares of the company’s stock, valued at $2,754,106.64. The trade was a 8.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the sale, the vice president owned 20,441 shares in the company, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently bought and sold shares of HII. Caerus Investment Advisors LLC lifted its stake in Huntington Ingalls Industries by 45.7% during the fourth quarter. Caerus Investment Advisors LLC now owns 1,732 shares of the aerospace company’s stock valued at $589,000 after buying an additional 543 shares in the last quarter. Xponance LLC raised its holdings in shares of Huntington Ingalls Industries by 11.6% during the fourth quarter. Xponance LLC now owns 3,073 shares of the aerospace company’s stock valued at $1,045,000 after acquiring an additional 320 shares during the period. Mattson Financial Services LLC lifted its position in shares of Huntington Ingalls Industries by 221.3% in the 4th quarter. Mattson Financial Services LLC now owns 3,531 shares of the aerospace company’s stock valued at $1,201,000 after acquiring an additional 2,432 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in Huntington Ingalls Industries by 94,350.0% in the 4th quarter. Picton Mahoney Asset Management now owns 3,778 shares of the aerospace company’s stock worth $1,285,000 after purchasing an additional 3,774 shares during the period. Finally, Meeder Asset Management Inc. grew its position in Huntington Ingalls Industries by 76.6% during the 4th quarter. Meeder Asset Management Inc. now owns 6,430 shares of the aerospace company’s stock worth $2,187,000 after purchasing an additional 2,789 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.