TD Cowen Lowers Huntington Ingalls Industries (NYSE:HII) Price Target to $360.00

Huntington Ingalls Industries (NYSE:HII) had its price target cut by TD Cowen from $420.00 to $360.00 in a report issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the aerospace company’s stock. TD Cowen’s target price would suggest a potential upside of 26.53% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Weiss Ratings downgraded shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Citigroup reduced their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, Wells Fargo & Company assumed coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target for the company. Four research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $374.00.

Huntington Ingalls Industries Stock Down 0.6%

Shares of NYSE HII traded down $1.57 on Monday, hitting $284.51. The company had a trading volume of 113,727 shares, compared to its average volume of 538,047. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. Huntington Ingalls Industries has a 12-month low of $250.91 and a 12-month high of $460.00. The firm has a market capitalization of $11.21 billion, a P/E ratio of 18.52, a PEG ratio of 1.22 and a beta of 0.25. The business has a 50 day moving average of $303.20 and a two-hundred day moving average of $366.62.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. The business had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The company’s revenue was up 13.4% on a year-over-year basis. During the same period last year, the business posted $3.79 EPS. As a group, equities research analysts forecast that Huntington Ingalls Industries will post 17.31 earnings per share for the current fiscal year.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently made changes to their positions in the company. M&T Bank Corp increased its stake in shares of Huntington Ingalls Industries by 205.8% in the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock valued at $13,613,000 after purchasing an additional 26,940 shares during the period. Chase Investment Counsel Corp acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $4,634,000. Builder Investment Group Inc. ADV acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth approximately $6,815,000. Kettle Hill Capital Management LLC grew its holdings in Huntington Ingalls Industries by 87.3% in the 3rd quarter. Kettle Hill Capital Management LLC now owns 60,816 shares of the aerospace company’s stock worth $17,510,000 after buying an additional 28,347 shares in the last quarter. Finally, Gradient Investments LLC increased its position in Huntington Ingalls Industries by 662.3% in the 4th quarter. Gradient Investments LLC now owns 44,806 shares of the aerospace company’s stock valued at $15,237,000 after acquiring an additional 38,928 shares during the period. 90.46% of the stock is currently owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.