Weiss Ratings Reaffirms Hold (C) Rating for Huntington Ingalls Industries (NYSE:HII)

Huntington Ingalls Industries (NYSE:HII)‘s stock had its “hold (c)” rating reiterated by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

HII has been the subject of a number of other research reports. TD Cowen upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Zacks Research downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Bank of America upped their price target on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. Barclays upped their price target on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $264.43.

Huntington Ingalls Industries Trading Up 1.9%

Shares of HII opened at $290.69 on Wednesday. The business has a 50-day moving average of $273.20 and a 200 day moving average of $244.36. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $293.14. The firm has a market cap of $11.41 billion, a P/E ratio of 21.76, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced 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 company 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 firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. William B. Walkup & Associates Inc. lifted its holdings in shares of Huntington Ingalls Industries by 2.4% during 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 in the last quarter. Pullen Investment Management LLC lifted its holdings 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 acquiring an additional 46 shares during the period. Wedmont Private Capital lifted its holdings in Huntington Ingalls Industries by 4.2% in the third quarter. Wedmont Private Capital now owns 1,151 shares of the aerospace company’s stock valued at $328,000 after acquiring an additional 46 shares during the period. Parkside Financial Bank & Trust lifted its holdings in Huntington Ingalls Industries by 27.3% in the second quarter. Parkside Financial Bank & Trust now owns 224 shares of the aerospace company’s stock valued at $54,000 after acquiring an additional 48 shares during the period. Finally, Pitcairn Co. lifted its holdings in 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 acquiring an additional 50 shares during the period. 90.46% of the stock is 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.