Huntington Ingalls Industries (NYSE:HII – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Huntington Ingalls Industries in a research report on Wednesday, September 27th. They set a “hold” rating and a $217.00 price target for the company. JPMorgan Chase & Co. upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $250.00 to $247.00 in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $231.67.

Read Our Latest Report on Huntington Ingalls Industries

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock traded up $1.60 during trading on Thursday, hitting $245.19. The stock had a trading volume of 206,449 shares, compared to its average volume of 322,223. The firm has a market cap of $9.74 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.04 and a beta of 0.62. Huntington Ingalls Industries has a 12 month low of $188.51 and a 12 month high of $245.32. The business’s 50-day moving average is $226.18 and its 200 day moving average is $221.09. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Huntington Ingalls Industries (NYSE:HII – Get Free Report) last released its earnings results on Thursday, November 2nd. The aerospace company reported $3.70 EPS for the quarter, beating analysts’ consensus estimates of $3.39 by $0.31. Huntington Ingalls Industries had a return on equity of 14.69% and a net margin of 4.78%. The business had revenue of $2.82 billion for the quarter, compared to analysts’ expectations of $2.73 billion. As a group, sell-side analysts anticipate that Huntington Ingalls Industries will post 14.59 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 320 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total value of $73,129.60. Following the completion of the sale, the vice president now directly owns 20,000 shares in the company, valued at $4,570,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 567 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $239.00, for a total transaction of $135,513.00. Following the completion of the transaction, the vice president now owns 9,053 shares of the company’s stock, valued at $2,163,667. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP D R. Wyatt sold 320 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total transaction of $73,129.60. Following the transaction, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $4,570,600. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wellington Management Group LLP increased its position in shares of Huntington Ingalls Industries by 76.3% during the third quarter. Wellington Management Group LLP now owns 58,391 shares of the aerospace company’s stock valued at $11,946,000 after acquiring an additional 25,280 shares in the last quarter. Bar Harbor Wealth Management bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $7,595,000. Public Sector Pension Investment Board increased its position in shares of Huntington Ingalls Industries by 12.3% during the third quarter. Public Sector Pension Investment Board now owns 4,255 shares of the aerospace company’s stock valued at $870,000 after acquiring an additional 466 shares in the last quarter. Stonebridge Capital Advisors LLC increased its position in shares of Huntington Ingalls Industries by 1.0% during the third quarter. Stonebridge Capital Advisors LLC now owns 30,255 shares of the aerospace company’s stock valued at $6,190,000 after acquiring an additional 310 shares in the last quarter. Finally, Ramirez Asset Management Inc. bought a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $120,000. Institutional investors own 89.18% of the company’s stock.

Huntington Ingalls Industries Company Profile (Get Free Report)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing 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.

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Original: MarketBeat News Feed: Huntington Ingalls Industries (NYSE:HII) Downgraded by StockNews.com