Huntington Ingalls Industries (NYSE:HII) Rating Lowered to “Hold” at StockNews.com

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

Other research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. Finally, Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $241.88.

Huntington Ingalls Industries Trading Up 2.3 %

Shares of Huntington Ingalls Industries stock opened at $189.23 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.79. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a 50 day moving average price of $260.62 and a two-hundred day moving average price of $258.96. The stock has a market capitalization of $7.42 billion, a PE ratio of 10.68, a price-to-earnings-growth ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the business posted $3.70 EPS. The company’s revenue was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Huntington Ingalls Industries during the second quarter worth about $26,000. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the third quarter worth about $29,000. Fidelis Capital Partners LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth about $31,000. Larson Financial Group LLC grew its position in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after buying an additional 65 shares in the last quarter. Finally, Evermay Wealth Management LLC purchased a new position in Huntington Ingalls Industries during the first quarter worth about $31,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.