The stock of Huntington Ingalls Industries Inc (NYSE:HII) reached all time high today, Nov, 14 and still has $273.58 target or 55.00% above today’s $176.50 share price. This indicates more upside for the $8.26 billion company. This technical setup was reported by Barchart.com. If the $273.58 PT is reached, the company will be worth $4.54 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 348,500 shares traded hands or 1.19% up from the average. Huntington Ingalls Industries Inc (NYSE:HII) has risen 23.57% since April 12, 2016 and is uptrending. It has outperformed by 18.58% the S&P500.
Huntington Ingalls Industries Inc (NYSE:HII) Ratings Coverage
Out of 8 analysts covering Huntington Ingalls Industries (NYSE:HII), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Huntington Ingalls Industries has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, September 7 by Citigroup. The stock has “Neutral” rating given by Credit Suisse on Friday, January 15. The stock of Huntington Ingalls Industries Inc (NYSE:HII) earned “Buy” rating by Deutsche Bank on Monday, July 11. The rating was downgraded by Wells Fargo on Friday, August 5 to “Market Perform”. The rating was initiated by Guggenheim on Wednesday, January 20 with “Buy”. The company was downgraded on Tuesday, May 24 by Stifel Nicolaus. On Monday, January 18 the stock rating was upgraded by Credit Suisse to “Neutral”. Cowen & Co initiated Huntington Ingalls Industries Inc (NYSE:HII) on Thursday, October 1 with “Market Perform” rating. Cowen & Co downgraded the shares of HII in a report on Tuesday, September 20 to “Market Perform” rating. The stock of Huntington Ingalls Industries Inc (NYSE:HII) earned “Outperform” rating by Wells Fargo on Friday, November 6.
According to Zacks Investment Research, “Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. The company also develops and produces warships, including destroyers, amphibious transport dock ships, and national security cutters for the surface Navy fleet, U.S. Coast Guard, U.S. Marine Corps, and foreign and commercial customers. Additionally, the company provides complex nuclear project management; safe management and handling of radiological materials and waste; and nuclear facility construction, commissioning, operations, and D&D services. Huntington Ingalls Industries (HII) is based in Newport News, Virginia.”
Insitutional Activity: The institutional sentiment decreased to 1.13 in 2016 Q2. Its down 0.02, from 1.15 in 2016Q1. The ratio is negative, as 24 funds sold all Huntington Ingalls Industries Inc shares owned while 124 reduced positions. 50 funds bought stakes while 117 increased positions. They now own 40.64 million shares or 11.56% less from 45.96 million shares in 2016Q1.
Boston Prtn has invested 0.43% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Deutsche Bankshares Ag reported 44,499 shares or 0.01% of all its holdings. The New York-based Jane Street Group Limited Liability Corp has invested 0% in Huntington Ingalls Industries Inc (NYSE:HII). Nationwide Fund Advisors accumulated 0.12% or 166,701 shares. Johnson Financial Grp reported 360 shares or 0.01% of all its holdings. Colony Group Incorporated Ltd Llc has invested 0.3% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Commonwealth Of Pennsylvania Public School Empls Retrmt accumulated 0.03% or 9,050 shares. Westpac holds 37,700 shares or 0% of its portfolio. Ameritas Investment reported 7,435 shares or 0.08% of all its holdings. Aperio Ltd Co accumulated 0.03% or 23,261 shares. Picton Mahoney Asset Mgmt holds 0.22% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII) for 21,700 shares. Delta Asset Management Limited Com Tn has 13 shares for 0% of their US portfolio. Strs Ohio, a Ohio-based fund reported 300,000 shares. Sandy Spring Fincl Bank holds 0% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII) for 72 shares. Geode Management Ltd Limited Liability Company holds 400,963 shares or 0.04% of its portfolio.
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 4 insider sales for $689,776 net activity. Another trade for 750 shares valued at $127,005 was made by Dickseski Jerri F on Friday, July 1. 800 shares with value of $135,200 were sold by Wyatt D R on Monday, August 8. The insider Kastner Christopher D sold $331,790.
More important recent Huntington Ingalls Industries Inc (NYSE:HII) news were published by: Forbes.com which released: “RSI Alert: Huntington Ingalls Industries Now Oversold” on September 14, 2016, also Forbes.com published article titled: “Ex-Dividend Reminder: Analog Devices, Huntington Ingalls Industries and Aircastle”, Fool.com published: “Better Buy: Huntington Ingalls Industries vs. Northrop Grumman” on June 03, 2016. More interesting news about Huntington Ingalls Industries Inc (NYSE:HII) was released by: Fool.com and their article: “Better Buy: Huntington Ingalls Industries, Inc. vs. L-3 Communications” with publication date: July 22, 2016.
HII Company Profile
Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Firm is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard. The Firm operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary, which is organized into two divisions: Ingalls Shipbuilding (Ingalls), which includes non-nuclear ship design, construction, repair and maintenance businesses, and Newport News Shipbuilding (Newport News), which includes the nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. The Firm creates and manufactures nuclear-powered submarines for the United States Navy and manufactures the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Firm provides refueling and complex overhaul services for nuclear-powered aircraft carriers. It is also a full-service systems well-known provider for the design, engineering, construction and life cycle support of programs for surface ships, and a well-known provider of fleet support and maintenance services for the United States Navy. The Firm conducts all of its business with the United States Government, principally the Department of Defense (DoD). The Firm provides a range of services to the energy, and gas and oil industries, as well as government customers.
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