Bank of America Has Lowered Expectations for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its price target cut by investment analysts at Bank of America from $250.00 to $195.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “underperform” rating on the aerospace company’s stock. Bank of America‘s price target suggests a potential downside of 4.74% from the stock’s current price.

A number of other brokerages have also commented on HII. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Hold” and a consensus target price of $228.89.

Huntington Ingalls Industries Trading Down 0.9 %

NYSE:HII opened at $204.70 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50. The firm has a market capitalization of $8.01 billion, a price-to-earnings ratio of 11.56, a price-to-earnings-growth ratio of 1.74 and a beta of 0.55. The stock has a fifty day simple moving average of $249.45 and a 200 day simple moving average of $255.12.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same quarter last year, the business earned $3.70 EPS. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. Sell-side analysts forecast that Huntington Ingalls Industries will post 15.63 earnings per share for the current year.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

A number of large investors have recently bought and sold shares of HII. Envestnet Portfolio Solutions Inc. grew its position in Huntington Ingalls Industries by 22.6% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 2,280 shares of the aerospace company’s stock valued at $664,000 after acquiring an additional 420 shares during the period. Empowered Funds LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $318,000. Headlands Technologies LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth $133,000. Russell Investments Group Ltd. grew its holdings in shares of Huntington Ingalls Industries by 75.5% during the first quarter. Russell Investments Group Ltd. now owns 40,315 shares of the aerospace company’s stock worth $11,750,000 after purchasing an additional 17,347 shares during the last quarter. Finally, Entropy Technologies LP grew its holdings in shares of Huntington Ingalls Industries by 26.5% during the first quarter. Entropy Technologies LP now owns 3,652 shares of the aerospace company’s stock worth $1,064,000 after purchasing an additional 765 shares during the last quarter. 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.