Huntington Ingalls Industries (NYSE:HII) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, February 17th.
Several other analysts have also commented on HII. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Credit Suisse Group reaffirmed a “neutral” rating and set a $241.00 target price (up from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $252.00 to $275.00 in a report on Thursday, February 1st. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a report on Friday, February 16th. Finally, Stifel Nicolaus reissued a “sell” rating and issued a $230.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $261.38.
Huntington Ingalls Industries (NYSE HII) traded down $3.16 during trading on Friday, reaching $255.51. The company had a trading volume of 671,554 shares, compared to its average volume of 597,939. The firm has a market capitalization of $11,560.00, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 0.99 and a beta of 1.01. Huntington Ingalls Industries has a 12-month low of $183.42 and a 12-month high of $276.69. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.45 and a current ratio of 1.58.
In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,616 shares of Huntington Ingalls Industries stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $267.50, for a total transaction of $699,780.00. Following the completion of the sale, the vice president now directly owns 3,809 shares of the company’s stock, valued at approximately $1,018,907.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Christopher D. Kastner sold 2,857 shares of the business’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $260.35, for a total value of $743,819.95. Following the completion of the sale, the chief financial officer now directly owns 42,321 shares of the company’s stock, valued at $11,018,272.35. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 6,800 shares of company stock worth $1,794,184 and have sold 12,979 shares worth $3,381,250. Company insiders own 2.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HII. Cerebellum GP LLC acquired a new stake in shares of Huntington Ingalls Industries in the 4th quarter worth approximately $100,000. Welch Group LLC purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter worth $101,000. Howe & Rusling Inc. lifted its stake in shares of Huntington Ingalls Industries by 4,844.4% during the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares during the period. Toronto Dominion Bank lifted its stake in shares of Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the period. Finally, CAPROCK Group Inc. purchased a new position in shares of Huntington Ingalls Industries in the 4th quarter worth $218,000. Institutional investors own 84.16% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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