Could Huntington Ingalls Industries Inc (HII) Change Direction After Reaching 52-Week High?

November 7, 2017 - By Kurt Siggers

Investors sentiment decreased to 0.96 in 2017 Q2. Its down 0.31, from 1.27 in 2017Q1. It worsened, as 45 investors sold Huntington Ingalls Industries Inc shares while 140 reduced holdings. 48 funds opened positions while 130 raised stakes. 38.49 million shares or 0.98% less from 38.87 million shares in 2017Q1 were reported.
Millennium Management Ltd Liability Co holds 40,493 shares or 0.01% of its portfolio. Panagora Asset Management reported 2,622 shares. Jane Street Llc holds 3,815 shares. Acadian Asset Management Limited Company reported 160 shares or 0% of all its holdings. Twin Mngmt Incorporated holds 0.07% or 6,165 shares. California State Teachers Retirement Sys owns 0.03% invested in Huntington Ingalls Industries Inc (NYSE:HII) for 83,456 shares. Bnp Paribas Arbitrage holds 0.1% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII) for 186,157 shares. Benjamin F Edwards Company stated it has 0.05% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). One Natl Association reported 6,468 shares or 0.09% of all its holdings. North Star Management invested 0.01% in Huntington Ingalls Industries Inc (NYSE:HII). Guardian Capital Advisors L P owns 3,675 shares. Intl Gp accumulated 0.06% or 94,184 shares. Cap Advsr Ltd Ltd Liability reported 653 shares or 0.04% of all its holdings. Nj State Employees Deferred Compensation Plan invested in 0.12% or 3,333 shares. Amg Trust National Bank invested in 2,887 shares or 0.04% of the stock.

Since May 16, 2017, it had 1 buying transaction, and 1 sale for $624,300 activity. $792,260 worth of stock was bought by Kastner Christopher D on Wednesday, May 24.

The stock of Huntington Ingalls Industries Inc (NYSE:HII) hit a new 52-week high and has $249.42 target or 6.00 % above today’s $235.30 share price. The 9 months bullish chart indicates low risk for the $10.68 billion company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $249.42 price target is reached, the company will be worth $640.80M 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 73,794 shares traded. Huntington Ingalls Industries Inc (NYSE:HII) has risen 26.91% since November 7, 2016 and is uptrending. It has outperformed by 10.21% the S&P500.

Huntington Ingalls Industries Inc (NYSE:HII) Ratings Coverage

Among 9 analysts covering Huntington Ingalls Industries (NYSE:HII), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Huntington Ingalls Industries had 28 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Friday, May 5 by Cowen & Co. Stifel Nicolaus maintained the shares of HII in report on Friday, February 17 with “Sell” rating. Stifel Nicolaus maintained the stock with “Sell” rating in Thursday, August 3 report. The stock has “Market Perform” rating by Cowen & Co on Thursday, October 1. The rating was upgraded by Wells Fargo on Friday, November 6 to “Outperform”. The company was maintained on Friday, November 6 by Deutsche Bank. Cowen & Co downgraded Huntington Ingalls Industries Inc (NYSE:HII) on Tuesday, September 20 to “Market Perform” rating. The firm earned “Neutral” rating on Friday, January 15 by Credit Suisse. The stock of Huntington Ingalls Industries Inc (NYSE:HII) has “Buy” rating given on Wednesday, September 7 by Citigroup. The stock has “Hold” rating by Cowen & Co on Monday, July 17.

More notable recent Huntington Ingalls Industries Inc (NYSE:HII) news were published by: Finance.Yahoo.com which released: “Is Huntington Ingalls (HII) Poised for a Beat in Q3 Earnings?” on November 06, 2017, also Seekingalpha.com with their article: “Huntington Ingalls Industries: Real Growth Opportunities” published on August 29, 2017, Globenewswire.com published: “PHOTO RELEASE–Huntington Ingalls Industries’ Technical Solutions Division …” on October 31, 2017. More interesting news about Huntington Ingalls Industries Inc (NYSE:HII) were released by: Globenewswire.com and their article: “PHOTO RELEASE–Huntington Ingalls Industries Hosts Sen. Mark Warner at Newport …” published on October 20, 2017 as well as Reuters.com‘s news article titled: “Huntington Ingalls Industries to pay $9.2 mln over false claims case” with publication date: August 15, 2017.

Huntington Ingalls Industries, Inc. is a military shipbuilding firm and a well-known provider of professional services to partners in government and industry. The company has market cap of $10.68 billion. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy. It has a 19.18 P/E ratio. It operates through three divisions: Ingalls Shipbuilding , Newport News Shipbuilding (Newport News) and Technical Solutions.

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