Trading Report: The Huntington Ingalls Industries Inc. (HII) Receives $155.25 Average PT from Brokerages

The Huntington Ingalls Industries Inc. (HII) Receives $155.25 Average PT from Brokerages

Huntington Ingalls Industries Inc. (NYSE:HII) has earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the stock. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $155.25.

A number of equities analysts recently issued reports on the stock. Cowen and Company downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $185.00 to $165.00 in a report on Tuesday, September 20th. Citigroup Inc. lifted their price target on shares of Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a report on Tuesday, September 6th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, August 8th. Wells Fargo & Co. downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a report on Friday, August 5th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $190.00 price target (up previously from $167.00) on shares of Huntington Ingalls Industries in a report on Monday, July 11th.

In related news, VP Jerri F. Dickseski sold 625 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $153.25, for a total value of $95,781.25. Following the sale, the vice president now owns 34,045 shares in the company, valued at $5,217,396.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $169.00, for a total transaction of $135,200.00. Following the completion of the sale, the vice president now owns 20,249 shares in the company, valued at approximately $3,422,081. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.

Large investors have recently made changes to their positions in the company. Alambic Investment Management L.P. boosted its stake in shares of Huntington Ingalls Industries by 45.2% in the third quarter. Alambic Investment Management L.P. now owns 2,890 shares of the company’s stock valued at $443,000 after buying an additional 900 shares in the last quarter. World Asset Management Inc boosted its stake in shares of Huntington Ingalls Industries by 44.0% in the third quarter. World Asset Management Inc now owns 2,397 shares of the company’s stock valued at $368,000 after buying an additional 732 shares in the last quarter. First Citizens Bank & Trust Co. boosted its stake in shares of Huntington Ingalls Industries by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 3,728 shares of the company’s stock valued at $572,000 after buying an additional 47 shares in the last quarter. Rothschild Asset Management Inc. acquired a new stake in shares of Huntington Ingalls Industries during the third quarter valued at $520,000. Finally, Old Mutual Global Investors UK Ltd. acquired a new stake in shares of Huntington Ingalls Industries during the third quarter valued at $132,000. Institutional investors own 88.57% of the company’s stock.

Shares of Huntington Ingalls Industries (NYSE:HII) opened at 160.07 on Wednesday. The stock has a 50 day moving average of $156.35 and a 200-day moving average of $159.62. The stock has a market cap of $7.49 billion, a PE ratio of 17.74 and a beta of 1.29. Huntington Ingalls Industries has a 52 week low of $117.90 and a 52 week high of $177.10.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 4th. The company reported $2.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.32. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.74 billion. Huntington Ingalls Industries had a net margin of 6.00% and a return on equity of 30.49%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.99 earnings per share. Equities research analysts predict that Huntington Ingalls Industries will post $10.54 earnings per share for the current fiscal year.

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