Huntington Ingalls Industries, Inc. (HII) Given Consensus Rating of “Hold” by Brokerages

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) have been given an average rating of “Hold” by the eleven research firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $206.83.

Several brokerages have commented on HII. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. Cowen and Company reaffirmed a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, BidaskClub downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 23rd.

In other news, VP D R. Wyatt sold 800 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $214.83, for a total transaction of $171,864.00. Following the completion of the sale, the vice president now owns 19,865 shares of the company’s stock, valued at $4,267,597.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $215.10, for a total transaction of $642,073.50. Following the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the company. Cetera Investment Advisers bought a new stake in shares of Huntington Ingalls Industries during the second quarter worth $281,000. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Huntington Ingalls Industries by 2.7% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 147,599 shares of the aerospace company’s stock worth $27,477,000 after acquiring an additional 3,925 shares in the last quarter. Swiss National Bank increased its position in shares of Huntington Ingalls Industries by 2.1% during the second quarter. Swiss National Bank now owns 167,700 shares of the aerospace company’s stock worth $31,219,000 after acquiring an additional 3,400 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Huntington Ingalls Industries by 4.5% during the second quarter. State Board of Administration of Florida Retirement System now owns 71,437 shares of the aerospace company’s stock worth $13,299,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Huntington Ingalls Industries by 6.9% during the second quarter. Wells Fargo & Company MN now owns 732,828 shares of the aerospace company’s stock worth $136,423,000 after acquiring an additional 47,379 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

Huntington Ingalls Industries (NYSE:HII) traded down 0.56% on Wednesday, reaching $232.15. 112,168 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $226.71 and its 200 day moving average price is $206.66. The firm has a market capitalization of $10.54 billion, a PE ratio of 18.97 and a beta of 1.18. Huntington Ingalls Industries has a 52-week low of $146.52 and a 52-week high of $236.94.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The business had revenue of $1.86 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business posted $2.32 earnings per share. Huntington Ingalls Industries’s revenue was up 9.3% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries will post $11.57 EPS for the current fiscal year.

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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.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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