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 report issued on Friday, Briefing.com reports. They currently have a $180.00 price target on the aerospace company’s stock. TD Cowen’s target price would suggest a potential downside of 2.68% from the stock’s current price.

Several other research firms have also commented on HII. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a research report on Monday, September 9th. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $268.00.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $184.96 on Friday. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The stock has a market capitalization of $7.25 billion, a P/E ratio of 9.81, a PEG ratio of 2.19 and a beta of 0.52. 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 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 released its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the company posted $3.27 earnings per share. The firm’s revenue was up 6.8% compared to the same quarter last year. As a group, research analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current year.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries in the 2nd quarter worth approximately $26,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Fidelis Capital Partners LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. Larson Financial Group LLC grew its stake in shares of Huntington Ingalls Industries by 158.5% in the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Evermay Wealth Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter worth approximately $31,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.