Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by Wells Fargo & Company

Huntington Ingalls Industries (NYSE:HII) was upgraded by investment analysts at Wells Fargo & Company to a “hold” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Bank of America raised Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and lifted their price target for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 21st. TD Cowen boosted their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and set a $421.00 target price on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $385.89.

Huntington Ingalls Industries Stock Up 3.4%

HII stock opened at $392.70 on Tuesday. Huntington Ingalls Industries has a twelve month low of $177.42 and a twelve month high of $460.00. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The firm has a market cap of $15.41 billion, a PE ratio of 25.55, a price-to-earnings-growth ratio of 1.55 and a beta of 0.36. The business has a 50 day moving average of $416.64 and a 200 day moving average of $353.59.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, topping the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the company posted $3.15 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the completion of the sale, the vice president directly owned 20,360 shares in the company, valued at $8,601,082. This trade represents a 17.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of HII. TriaGen Wealth Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after purchasing an additional 31 shares during the last quarter. CI Investments Inc. boosted its position in Huntington Ingalls Industries by 16.7% in the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after buying an additional 33 shares during the period. Intrust Bank NA grew its stake in Huntington Ingalls Industries by 4.5% in the 4th quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock worth $279,000 after acquiring an additional 35 shares in the last quarter. Oakworth Capital Inc. grew its stake in Huntington Ingalls Industries by 1.7% in the 4th quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock worth $750,000 after acquiring an additional 36 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Huntington Ingalls Industries by 3.9% during the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 38 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.