Bank of America Issues Pessimistic Forecast for Huntington Ingalls Industries (NYSE:HII) Stock Price

Huntington Ingalls Industries (NYSE:HII) had its price objective dropped by stock analysts at Bank of America from $250.00 to $195.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “underperform” rating on the aerospace company’s stock. Bank of America‘s price objective indicates a potential downside of 0.20% from the stock’s current price.

HII has been the topic of several other reports. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $195.39 on Wednesday. The firm has a 50-day moving average of $246.54 and a two-hundred day moving average of $254.35. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 1.75 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.70 EPS. On average, research analysts forecast that Huntington Ingalls Industries will post 15.31 earnings per share for the current year.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently modified their holdings of the business. True Wealth Design LLC acquired a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $60,000. Semmax Financial Advisors Inc. lifted its stake in Huntington Ingalls Industries by 10.7% in the third quarter. Semmax Financial Advisors Inc. now owns 10,334 shares of the aerospace company’s stock worth $2,732,000 after purchasing an additional 1,003 shares during the last quarter. Captrust Financial Advisors raised its stake in shares of Huntington Ingalls Industries by 15.7% during the third quarter. Captrust Financial Advisors now owns 6,027 shares of the aerospace company’s stock valued at $1,593,000 after acquiring an additional 817 shares in the last quarter. Vinva Investment Management Ltd raised its stake in shares of Huntington Ingalls Industries by 41.0% during the third quarter. Vinva Investment Management Ltd now owns 2,235 shares of the aerospace company’s stock valued at $588,000 after acquiring an additional 650 shares in the last quarter. Finally, Public Sector Pension Investment Board increased its holdings in Huntington Ingalls Industries by 13.1% during the third quarter. Public Sector Pension Investment Board now owns 1,723 shares of the aerospace company’s stock valued at $456,000 after buying an additional 200 shares during the period. Institutional investors own 90.46% of the company’s stock.

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.