Wolfe Research Lowers Huntington Ingalls Industries (NYSE:HII) to Peer Perform

Huntington Ingalls Industries (NYSE:HII) was downgraded by stock analysts at Wolfe Research from an “outperform” rating to a “peer perform” rating in a report released on Thursday, MarketBeat.com reports.

Separately, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $290.00.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $259.39 on Thursday. The company has a 50-day simple moving average of $265.79 and a 200-day simple moving average of $262.71. Huntington Ingalls Industries has a one year low of $212.58 and a one year high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a market capitalization of $10.17 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the business posted $3.27 earnings per share. The business’s revenue was up 6.8% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries will post 16.56 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SteelPeak Wealth LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth about $1,769,000. SG Americas Securities LLC grew its position in shares of Huntington Ingalls Industries by 950.1% in the first quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after purchasing an additional 34,792 shares during the last quarter. Los Angeles Capital Management LLC grew its position in shares of Huntington Ingalls Industries by 26.0% in the first quarter. Los Angeles Capital Management LLC now owns 20,458 shares of the aerospace company’s stock valued at $5,963,000 after purchasing an additional 4,217 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Huntington Ingalls Industries by 30.5% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after purchasing an additional 11,647 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Huntington Ingalls Industries in the first quarter valued at approximately $1,821,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

About Huntington Ingalls Industries

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.