Huntington Ingalls Industries (NYSE:HII) Downgraded by StockNews.com

Huntington Ingalls Industries (NYSE:HII - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Friday.

Several other equities research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, March 21st. Barclays upped their price target on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th.

Huntington Ingalls Industries Trading Up 0.4 %

HII stock traded up $1.06 during midday trading on Friday, hitting $246.25. The company had a trading volume of 531,007 shares, compared to its average volume of 320,062. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 2.61 and a beta of 0.60. Huntington Ingalls Industries has a 52 week low of $188.51 and a 52 week high of $299.50. The company has a current ratio of 0.95, a quick ratio of 0.89 and a debt-to-equity ratio of 0.54. The stock's 50 day moving average price is $284.10 and its 200 day moving average price is $261.13.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. Huntington Ingalls Industries's quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $3.23 EPS. As a group, equities research analysts expect that Huntington Ingalls Industries will post 16.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares of the company's stock, valued at approximately $655,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total transaction of $592,546.56. Following the completion of the transaction, the vice president now owns 6,877 shares in the company, valued at approximately $1,872,675.87. 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 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock worth $2,398,345 over the last quarter. Company insiders own 0.72% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC grew its position in shares of Huntington Ingalls Industries by 0.5% in the third quarter. FMR LLC now owns 2,511,066 shares of the aerospace company's stock valued at $513,714,000 after purchasing an additional 12,322 shares in the last quarter. Capital World Investors increased its holdings in Huntington Ingalls Industries by 0.7% in the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company's stock valued at $600,387,000 after purchasing an additional 15,798 shares during the last quarter. Van ECK Associates Corp raised its position in Huntington Ingalls Industries by 15.1% in the first quarter. Van ECK Associates Corp now owns 787,756 shares of the aerospace company's stock valued at $229,607,000 after purchasing an additional 103,521 shares during the period. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 5.9% during the third quarter. Earnest Partners LLC now owns 544,166 shares of the aerospace company's stock worth $111,325,000 after purchasing an additional 30,296 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC lifted its stake in Huntington Ingalls Industries by 0.6% during the third quarter. Thompson Siegel & Walmsley LLC now owns 492,959 shares of the aerospace company's stock worth $100,850,000 after purchasing an additional 2,818 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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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