Huntington Ingalls Industries (NYSE:HII) Stock Rating Lowered by Wall Street Zen

Key Points

• Huntington Ingalls Industries has been downgraded by Wall Street Zen from a "strong-buy" to a "buy" rating, reflecting a shift in analyst sentiment regarding the stock.
• Despite the downgrade, other firms, including TD Cowen and Barclays, have increased their price targets for HII, indicating mixed outlooks from various analysts.
• Huntington Ingalls reported strong earnings with an EPS of $3.86, exceeding expectations and showing a 3.5% year-over-year revenue growth.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) was downgraded by Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Sunday.

Several other research analysts have also commented on HII. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays upped their price objective on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Bank of America upped their price objective on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Alembic Global Advisors upgraded 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 research note on Thursday, May 15th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $267.00.

Huntington Ingalls Industries Trading Up 0.4%

Shares of HII opened at $271.03 on Friday. The stock has a market capitalization of $10.64 billion, a P/E ratio of 20.29, a PEG ratio of 1.55 and a beta of 0.40. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $262.73 and a two-hundred day simple moving average of $230.47. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $293.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $4.38 EPS. The company's revenue for the quarter was up 3.5% on a year-over-year basis. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas bought a new stake in Huntington Ingalls Industries during the 1st quarter valued at about $1,324,000. GAMMA Investing LLC grew its stake in shares of Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after acquiring an additional 1,759 shares during the period. Sowell Financial Services LLC bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth approximately $247,000. Ninety One UK Ltd bought a new stake in shares of Huntington Ingalls Industries in the first quarter worth approximately $14,924,000. Finally, First Hawaiian Bank grew its stake in shares of Huntington Ingalls Industries by 22.3% in the first quarter. First Hawaiian Bank now owns 6,494 shares of the aerospace company's stock worth $1,325,000 after acquiring an additional 1,182 shares during the period. 90.46% of the stock is currently owned by institutional investors.

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.

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