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

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

Several other analysts have also commented on the company. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, March 19th. Finally, The Goldman Sachs Group boosted their price objective on Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $383.22.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $359.78 on Friday. The stock’s fifty day simple moving average is $404.59 and its 200 day simple moving average is $369.64. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The firm has a market cap of $14.12 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 1.46 and a beta of 0.29. Huntington Ingalls Industries has a one year low of $215.04 and a one year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating the consensus estimate of $3.72 by $0.32. The business had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.Huntington Ingalls Industries’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.15 EPS. On average, analysts expect that Huntington Ingalls Industries will post 17.3 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of the business’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the transaction, the vice president directly owned 20,360 shares in the company, valued at approximately $8,601,082. This represents a 17.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Large investors have recently made changes to their positions in the company. CYBER HORNET ETFs LLC acquired a new position in shares of Huntington Ingalls Industries during the second quarter valued at $25,000. Rakuten Securities Inc. lifted its stake in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the period. Bayban acquired a new position in shares of Huntington Ingalls Industries during the first quarter valued at $27,000. NBC Securities Inc. lifted its stake in shares of Huntington Ingalls Industries by 87.2% during the fourth quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 60 shares during the period. Institutional investors and hedge funds 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.