Price Action Report: Can Huntington Ingalls Industries Inc’s Tomorrow be Different? The Stock Just Broke Its High

Price Action Report: Can Huntington Ingalls Industries Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Huntington Ingalls Industries Inc (NYSE:HII) hit a new 52-week high and has $183.00 target or 3.00% above today’s $177.67 share price. The 8 months bullish chart indicates low risk for the $8.37B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $183.00 price target is reached, the company will be worth $251.10 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 287,033 shares traded hands. Huntington Ingalls Industries Inc (NYSE:HII) has risen 24.47% since April 21, 2016 and is uptrending. It has outperformed by 19.14% the S&P500.

Analysts await Huntington Ingalls Industries Inc (NYSE:HII) to report earnings on February, 16. They expect $2.51 earnings per share, up 12.05% or $0.27 from last year’s $2.24 per share. HII’s profit will be $118.25 million for 17.70 P/E if the $2.51 EPS becomes a reality. After $2.27 actual earnings per share reported by Huntington Ingalls Industries Inc for the previous quarter, Wall Street now forecasts 10.57% EPS growth.

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. As per Tuesday, September 20, the company rating was downgraded by Cowen & Co. As per Wednesday, January 20, the company rating was initiated by Guggenheim. The stock of Huntington Ingalls Industries Inc (NYSE:HII) has “Outperform” rating given on Friday, November 6 by Wells Fargo. Citigroup maintained Huntington Ingalls Industries Inc (NYSE:HII) rating on Wednesday, September 7. Citigroup has “Buy” rating and $191 price target. The rating was maintained by Deutsche Bank on Monday, July 11 with “Buy”. On Friday, August 5 the stock rating was downgraded by Wells Fargo to “Market Perform”. Deutsche Bank maintained Huntington Ingalls Industries Inc (NYSE:HII) on Friday, November 6 with “Buy” rating. The firm earned “Sell” rating on Tuesday, May 24 by Stifel Nicolaus. The firm has “Neutral” rating given on Monday, January 18 by Credit Suisse. Credit Suisse upgraded the stock to “Neutral” rating in Friday, January 15 report.

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 increased to 1.21 in Q2 2016. Its up 0.08, from 1.13 in 2016Q1. The ratio is positive, 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.
Lucus Advsrs Limited Liability Corp has invested 0.29% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Verity Asset Mngmt Incorporated last reported 0.2% of its portfolio in the stock. Renaissance Techs has invested 0.28% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Paradigm Asset Mngmt Lc owns 3,100 shares or 0% of their US portfolio. Arizona State Retirement Sys, a Arizona-based fund reported 19,699 shares. Parallax Volatility Advisers L P holds 1,077 shares or 0% of its portfolio. Northern Tru holds 428,653 shares or 0.02% of its portfolio. Ftb Advsr has invested 0.01% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Dimensional Fund L P reported 416,414 shares or 0.04% of all its holdings. Benjamin F Edwards & last reported 251 shares in the company. State Of New Jersey Common Pension Fund D has 7,000 shares for 0.01% of their US portfolio. Blair William & Comm Il holds 1,391 shares or 0% of its portfolio. Tarbox, a California-based fund reported 11 shares. Caxton Lp accumulated 0.28% or 59,400 shares. Concert Wealth Mgmt reported 1,915 shares or 0.04% of all its holdings.

Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 5 insider sales for $807,466 net activity. On Friday, November 11 the insider Wyatt D R sold $117,690. $95,781 worth of Huntington Ingalls Industries Inc (NYSE:HII) shares were sold by Dickseski Jerri F. Kastner Christopher D sold $331,790 worth of Huntington Ingalls Industries Inc (NYSE:HII) on Wednesday, November 9.

More important recent Huntington Ingalls Industries Inc (NYSE:HII) news were published by: Nasdaq.com which released: “Huntington Ingalls Industries, Inc. (HII) Ex-Dividend Date Scheduled for …” on November 21, 2016, also Fool.com published article titled: “Better Buy: Huntington Ingalls Industries vs. Northrop Grumman”, Fool.com published: “Better Buy: Huntington Ingalls Industries, Inc. vs. L-3 Communications” on July 22, 2016. More interesting news about Huntington Ingalls Industries Inc (NYSE:HII) was released by: Forbes.com and their article: “RSI Alert: Huntington Ingalls Industries Now Oversold” with publication date: September 14, 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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