Huntington Ingalls Industries (NYSE:HII) Stock Rating Lowered by StockNews.com

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

Several other analysts also recently weighed in on HII. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Vertical Research lowered 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. Finally, Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $290.00.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $254.70 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a twelve month low of $213.02 and a twelve month high of $299.50. The stock has a market capitalization of $10.04 billion, a P/E ratio of 14.36, a PEG ratio of 2.25 and a beta of 0.52. The business’s fifty day moving average price is $265.56 and its 200 day moving average price is $260.88.

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

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Huntington Ingalls Industries by 16.1% in the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock valued at $225,247,000 after purchasing an additional 126,654 shares during the last quarter. AQR Capital Management LLC lifted its position in Huntington Ingalls Industries by 41.6% during the 2nd quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock worth $180,458,000 after buying an additional 215,362 shares in the last quarter. Earnest Partners LLC raised its holdings in Huntington Ingalls Industries by 1.9% during the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock worth $157,326,000 after acquiring an additional 11,693 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Huntington Ingalls Industries by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after buying an additional 40,942 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Huntington Ingalls Industries by 2.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 502,442 shares of the aerospace company’s stock valued at $123,771,000 after acquiring an additional 13,439 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.