Shares of Huntington Ingalls Industries Inc (NYSE:HII) have been given a consensus recommendation of “Hold” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $253.91.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a report on Monday, May 6th. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th.
In related news, VP Edgar A. Green III sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total transaction of $102,830.00. Following the completion of the sale, the vice president now owns 10,137 shares of the company’s stock, valued at $2,084,775.42. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerri F. Dickseski sold 542 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $225.00, for a total transaction of $121,950.00. Following the sale, the vice president now directly owns 35,907 shares of the company’s stock, valued at approximately $8,079,075. The disclosure for this sale can be found here. Insiders have sold 5,279 shares of company stock valued at $1,149,674 in the last three months. 2.65% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $416,000. Amalgamated Bank grew its position in Huntington Ingalls Industries by 45.6% in the 4th quarter. Amalgamated Bank now owns 9,969 shares of the aerospace company’s stock worth $1,897,000 after purchasing an additional 3,120 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $922,000. Raymond James & Associates grew its position in Huntington Ingalls Industries by 13.7% in the 1st quarter. Raymond James & Associates now owns 48,379 shares of the aerospace company’s stock worth $10,024,000 after purchasing an additional 5,838 shares during the period. Finally, ARP Americas LP grew its position in Huntington Ingalls Industries by 11.3% in the 4th quarter. ARP Americas LP now owns 2,951 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 300 shares during the period. 85.46% of the stock is owned by institutional investors.
HII traded up $1.96 on Friday, hitting $234.67. The company had a trading volume of 178,239 shares, compared to its average volume of 336,721. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92. Huntington Ingalls Industries has a 52-week low of $173.80 and a 52-week high of $262.32. The business has a fifty day simple moving average of $217.95. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 12.29 and a beta of 1.19.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, May 2nd. The aerospace company reported $2.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same quarter last year, the business earned $3.48 earnings per share. The business’s quarterly revenue was up 11.0% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries will post 14.59 earnings per share for the current year.
About Huntington Ingalls Industries
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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