Huntington Ingalls Industries (NYSE:HII) Cut to Hold at StockNews.com

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

Several other analysts have also recently issued reports on the stock. Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Five 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, the company currently has a consensus rating of “Hold” and an average price target of $290.00.

Huntington Ingalls Industries Stock Performance

Shares of HII stock traded down $0.99 during trading hours on Wednesday, hitting $256.12. The company’s stock had a trading volume of 196,077 shares, compared to its average volume of 304,874. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $266.07 and a 200 day moving average of $260.96. Huntington Ingalls Industries has a 12-month low of $212.58 and a 12-month high of $299.50. The stock has a market cap of $10.10 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52.

Huntington Ingalls Industries (NYSE:HII) last released its 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 during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the prior year, the firm earned $3.27 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 16.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. CWM LLC grew its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after purchasing an additional 3,088 shares in the last quarter. SteelPeak Wealth LLC bought a new position in shares of Huntington Ingalls Industries in the second quarter worth $1,769,000. SG Americas Securities LLC grew its stake 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 worth $11,208,000 after purchasing an additional 34,792 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 worth $14,517,000 after purchasing an additional 11,647 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Huntington Ingalls Industries in the first quarter worth $1,821,000. 90.46% of the stock is currently owned by institutional investors.

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.