TD Cowen Downgrades Huntington Ingalls Industries (NYSE:HII) to Hold

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

A number of other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective on the stock. in a research report on Thursday, October 10th. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a 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.com, the company has an average rating of “Hold” and an average target price of $241.88.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $189.23 on Friday. The firm has a fifty day simple moving average of $260.62 and a two-hundred day simple moving average of $258.96. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a quick ratio of 0.76, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.42 billion, a P/E ratio of 10.68, a PEG 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 return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the prior year, the business posted $3.70 EPS. The company’s revenue was down 2.4% on a year-over-year basis. On average, analysts expect that Huntington Ingalls Industries will post 16.49 earnings per share for the current fiscal year.

Institutional Trading of Huntington Ingalls Industries

Institutional investors and hedge funds have recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in Huntington Ingalls Industries during the first quarter worth about $31,000. Larson Financial Group LLC grew its holdings in shares of Huntington Ingalls Industries by 158.5% during the 1st quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth $26,000. Evermay Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $31,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of Huntington Ingalls Industries in the 3rd quarter valued at approximately $29,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

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.