Wall Street Zen Upgrades Huntington Ingalls Industries (NYSE:HII) to "Strong-Buy"

Key Points

• Huntington Ingalls Industries (NYSE:HII) has been upgraded by Wall Street Zen from a "buy" to a "strong-buy" rating, reflecting a positive shift in analyst sentiment regarding the stock.
• The company reported earnings per share (EPS) of $3.86 for the last quarter, surpassing the consensus estimate of $3.23, with a revenue of $3.08 billion, showing a 3.5% increase compared to the same quarter last year.
• Huntington Ingalls Industries' stock has a current average rating of "Hold" with a consensus price target of $267.00, while its shares recently opened at $270.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Saturday.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. The Goldman Sachs Group boosted 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. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research note on Thursday, May 15th. Finally, Barclays lifted 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 research report on Monday, August 4th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $267.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock traded up $0.41 during mid-day trading on Friday, hitting $269.74. The company's stock had a trading volume of 385,314 shares, compared to its average volume of 374,615. The stock has a market capitalization of $10.58 billion, a P/E ratio of 20.19, a P/E/G ratio of 1.54 and a beta of 0.40. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $293.14. The stock's fifty day moving average price is $262.09 and its two-hundred day moving average price is $229.39. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

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

Institutional Trading of Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in the business. William B. Walkup & Associates Inc. grew its position in shares of Huntington Ingalls Industries by 2.4% in the first quarter. William B. Walkup & Associates Inc. now owns 1,843 shares of the aerospace company's stock valued at $376,000 after purchasing an additional 44 shares during the last quarter. Pullen Investment Management LLC boosted its position in Huntington Ingalls Industries by 0.3% in the second quarter. Pullen Investment Management LLC now owns 15,876 shares of the aerospace company's stock valued at $3,833,000 after buying an additional 46 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Huntington Ingalls Industries by 27.3% during the 2nd quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company's stock worth $54,000 after acquiring an additional 48 shares during the last quarter. Pitcairn Co. increased its stake in shares of Huntington Ingalls Industries by 4.1% in the second quarter. Pitcairn Co. now owns 1,266 shares of the aerospace company's stock valued at $306,000 after buying an additional 50 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its position in shares of Huntington Ingalls Industries by 2.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock worth $433,000 after purchasing an additional 51 shares in the last quarter. 90.46% of the stock is owned by 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.