Huntington Ingalls Industries (NYSE:HII) Stock Rating Upgraded by TD Cowen

Huntington Ingalls Industries (NYSE:HII - Get Free Report) was upgraded by stock analysts at TD Cowen from a "hold" rating to a "buy" rating in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has a $300.00 price objective on the aerospace company's stock, up from their prior price objective of $250.00. TD Cowen's target price would suggest a potential upside of 16.16% from the company's current price.

A number of other equities research analysts have also weighed in on HII. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Barclays raised their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group raised their price target on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $251.38.

Huntington Ingalls Industries Trading Up 0.1%

Shares of HII stock traded up $0.15 during mid-day trading on Thursday, reaching $258.26. The company's stock had a trading volume of 367,270 shares, compared to its average volume of 561,698. The company's 50 day simple moving average is $233.56 and its 200-day simple moving average is $208.76. Huntington Ingalls Industries has a 12-month low of $158.88 and a 12-month high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $10.13 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts' consensus estimates of $2.90 by $0.89. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.76% and a return on equity of 12.26%. The business's revenue was down 2.5% on a year-over-year basis. During the same period last year, the business earned $3.87 EPS. On average, research analysts predict that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director owned 17,485 shares in the company, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock valued at $1,207,207. Company insiders own 0.72% of the company's stock.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Huntington Ingalls Industries by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company's stock worth $950,391,000 after purchasing an additional 14,988 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company's stock worth $197,677,000 after purchasing an additional 29,670 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Huntington Ingalls Industries by 7.5% in the 1st quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company's stock worth $182,443,000 after purchasing an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Huntington Ingalls Industries by 26.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company's stock worth $148,686,000 after purchasing an additional 150,204 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock worth $109,108,000 after purchasing an additional 114,635 shares during the last quarter. Institutional investors own 90.46% of the company's stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.