Huntington Ingalls Industries (NYSE:HII) Lowered to Market Perform at Cowen

Cowen downgraded shares of Huntington Ingalls Industries (NYSE:HII) from an outperform rating to a market perform rating in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has $280.00 price target on the aerospace company’s stock. The analysts noted that the move was a valuation call.

Several other research firms have also recently commented on HII. ValuEngine cut Huntington Ingalls Industries from a hold rating to a sell rating in a research note on Monday, November 11th. UBS Group raised their price objective on Huntington Ingalls Industries from $300.00 to $320.00 and gave the stock a buy rating in a research note on Wednesday, January 15th. Finally, Zacks Investment Research upgraded Huntington Ingalls Industries from a hold rating to a strong-buy rating and set a $294.00 price objective on the stock in a research note on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $288.17.

Shares of Huntington Ingalls Industries stock traded up $1.36 on Wednesday, hitting $277.10. 167,358 shares of the company’s stock traded hands, compared to its average volume of 391,497. The stock has a market cap of $11.39 billion, a P/E ratio of 18.98 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.01. The firm’s 50-day moving average is $260.54 and its 200 day moving average is $232.30. Huntington Ingalls Industries has a 52-week low of $196.19 and a 52-week high of $279.71.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, November 7th. The aerospace company reported $3.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.63 by $0.11. The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.20 billion. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $5.29 EPS. Equities research analysts forecast that Huntington Ingalls Industries will post 13.92 EPS for the current year.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $268.69, for a total value of $503,525.06. Following the sale, the vice president now directly owns 30,140 shares in the company, valued at $8,098,316.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Nicolas G. Schuck sold 400 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $250.00, for a total value of $100,000.00. Following the completion of the sale, the chief accounting officer now owns 2,240 shares in the company, valued at $560,000. The disclosure for this sale can be found here. Company insiders own 2.65% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Quest Capital Management Inc. ADV bought a new stake in Huntington Ingalls Industries in the third quarter valued at $27,000. Northwest Investment Counselors LLC bought a new stake in Huntington Ingalls Industries in the third quarter valued at $30,000. Bridger Capital Management LLC bought a new stake in Huntington Ingalls Industries in the third quarter valued at $33,000. Doyle Wealth Management bought a new stake in Huntington Ingalls Industries in the second quarter valued at $38,000. Finally, HM Payson & Co. bought a new stake in Huntington Ingalls Industries in the second quarter valued at $42,000. Institutional investors own 87.62% 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.

Read More: Why Invest in Dividend Achievers?

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.