Bank of America Lowers Huntington Ingalls Industries (NYSE:HII) Price Target to $275.00

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Huntington Ingalls Industries (NYSE:HII) had its price objective decreased by investment analysts at Bank of America from $305.00 to $275.00 in a research report issued to clients and investors on Tuesday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Bank of America‘s price target points to a potential upside of 32.61% from the stock’s current price.

Several other analysts also recently commented on HII. ValuEngine raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday. Finally, Zacks Investment Research raised shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $248.58.

HII stock opened at $207.37 on Tuesday. The company has a fifty day simple moving average of $226.28. The stock has a market cap of $8.38 billion, a P/E ratio of 10.86 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 1.05. Huntington Ingalls Industries has a 12 month low of $173.80 and a 12 month high of $262.32.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $3.07 EPS for the quarter, missing the consensus estimate of $3.56 by ($0.49). The business had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $5.40 earnings per share. As a group, equities analysts forecast that Huntington Ingalls Industries will post 14.35 earnings per share for the current year.

In other news, VP William R. Ermatinger sold 1,863 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $211.55, for a total value of $394,117.65. Following the completion of the sale, the vice president now directly owns 35,020 shares in the company, valued at $7,408,481. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Nicolas G. Schuck sold 500 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $204.46, for a total transaction of $102,230.00. Following the completion of the sale, the vice president now owns 2,640 shares of the company’s stock, valued at $539,774.40. The disclosure for this sale can be found here. Insiders have sold 4,737 shares of company stock valued at $1,027,724 over the last 90 days. 2.65% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of HII. Dimensional Fund Advisors LP raised its position in shares of Huntington Ingalls Industries by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 340,142 shares of the aerospace company’s stock valued at $64,731,000 after acquiring an additional 11,128 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 623,420 shares of the aerospace company’s stock valued at $118,455,000 after acquiring an additional 18,179 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Huntington Ingalls Industries during the 4th quarter valued at approximately $2,786,000. Fluent Financial LLC increased its position in Huntington Ingalls Industries by 1.4% in the first quarter. Fluent Financial LLC now owns 9,665 shares of the aerospace company’s stock worth $2,003,000 after buying an additional 136 shares during the period. Finally, State of Alaska Department of Revenue increased its position in Huntington Ingalls Industries by 0.7% in the first quarter. State of Alaska Department of Revenue now owns 11,096 shares of the aerospace company’s stock worth $2,297,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 85.75% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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