Huntington Ingalls Industries (NYSE:HII) Lowered to Hold Rating by TD Cowen

Huntington Ingalls Industries (NYSE:HII) was downgraded by equities researchers at TD Cowen from a “buy” rating to a “hold” rating in a note issued to investors on Friday, MarketBeat Ratings reports. They currently have a $180.00 target price on the aerospace company’s stock. TD Cowen’s target price would suggest a potential downside of 4.88% from the stock’s current price.

Several other equities analysts have also recently issued reports on HII. Wolfe Research cut Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $280.00 to $285.00 in a report on Monday, September 9th. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $241.88.

Huntington Ingalls Industries Price Performance

HII stock opened at $189.23 on Friday. The business’s 50-day moving average is $260.62 and its two-hundred day moving average is $258.96. Huntington Ingalls Industries has a 1 year low of $184.29 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.76. The firm has a market capitalization of $7.42 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.62 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter last year, the company earned $3.70 EPS. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. Analysts anticipate that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Large investors have recently added to or reduced their stakes in the business. CWM LLC raised its position in Huntington Ingalls Industries by 142.8% during the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock worth $1,388,000 after acquiring an additional 3,088 shares during the last quarter. SteelPeak Wealth LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $1,769,000. SG Americas Securities LLC lifted its stake in Huntington Ingalls Industries by 950.1% in the 1st quarter. SG Americas Securities LLC now owns 38,454 shares of the aerospace company’s stock valued at $11,208,000 after buying an additional 34,792 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Huntington Ingalls Industries by 30.5% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 49,805 shares of the aerospace company’s stock valued at $14,517,000 after buying an additional 11,647 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at $1,821,000. 90.46% of the stock is owned by institutional investors and hedge funds.

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.