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

Huntington Ingalls Industries (NYSE:HII) was downgraded by TD Cowen from a “buy” rating to a “hold” rating in a research report issued on Friday, Briefing.com reports. They presently have a $180.00 price objective on the aerospace company’s stock. TD Cowen’s price objective indicates a potential downside of 2.68% from the stock’s current price.

Several other equities research analysts also recently weighed in on HII. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a report on Thursday, October 10th. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Friday. Finally, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $268.00.

Huntington Ingalls Industries Price Performance

HII stock opened at $184.96 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $7.25 billion, a PE ratio of 9.81, a P/E/G ratio of 2.19 and a beta of 0.52. Huntington Ingalls Industries has a 12-month low of $184.29 and a 12-month high of $299.50. The business’s fifty day moving average price is $262.32 and its 200 day moving average price is $259.56.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. The firm had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.27 EPS. On average, sell-side analysts anticipate that Huntington Ingalls Industries will post 16.49 EPS for the current year.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Huntington Ingalls Industries during the 2nd quarter valued at approximately $26,000. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $29,000. Fidelis Capital Partners LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. Larson Financial Group LLC grew its holdings in Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after buying an additional 65 shares during the last quarter. Finally, Evermay Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $31,000. 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.