Huntington Ingalls Industries (NYSE:HII – Get Free Report) had its price objective reduced by equities research analysts at Citigroup from $379.00 to $352.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the aerospace company’s stock. Citigroup‘s price target suggests a potential upside of 12.82% from the company’s previous close.
HII has been the subject of a number of other research reports. Sanford C. Bernstein increased their price objective on Huntington Ingalls Industries from $304.00 to $352.00 and gave the company a “market perform” rating in a research note on Tuesday, November 3rd. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price on the stock in a research note on Friday, July 31st. Wells Fargo & Company upped their price target on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a report on Tuesday, August 4th. JPMorgan Chase & Co. increased their price target on shares of Huntington Ingalls Industries from $370.00 to $375.00 and gave the company a “neutral” rating in a research report on Tuesday, November 3rd. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average target price of $366.12.
Read Our Latest Analysis on HII
Huntington Ingalls Industries Trading Up 2.5%
HII stock traded up $7.63 during trading on Tuesday, hitting $311.99. 134,807 shares of the company traded hands, compared to its average volume of 533,485. The company has a 50-day moving average of $278.94 and a 200-day moving average of $332.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.18 and a current ratio of 1.26. Huntington Ingalls Industries has a 1 year low of $255.35 and a 1 year high of $460.00. The firm has a market capitalization of $12.30 billion, a PE ratio of 16.81, a P/E/G ratio of 1.11 and a beta of 0.17.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its quarterly earnings results on Thursday, October 29th. The aerospace company reported $5.48 EPS for the quarter, topping analysts’ consensus estimates of $4.36 by $1.12. Huntington Ingalls Industries had a return on equity of 13.95% and a net margin of 5.42%. The business had revenue of $3.54 billion for the quarter, compared to analysts’ expectations of $3.38 billion. During the same period in the previous year, the firm earned $3.68 EPS. The business’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts predict that Huntington Ingalls Industries will post 19.30 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth approximately $36,000. Eastern Bank purchased a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $26,000. Provenance Wealth Advisors LLC increased its stake in shares of Huntington Ingalls Industries by 6,250.0% during the third quarter. Provenance Wealth Advisors LLC now owns 127 shares of the aerospace company’s stock valued at $34,000 after buying an additional 125 shares during the period. Latitude Advisors LLC purchased a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $42,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $42,000. Institutional investors own 90.46% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc. (NYSE: HII) is a U.S. defense contractor focused on shipbuilding and technology services. Its shipyards design, build, and maintain vessels for the U.S. Navy and other government customers, including nuclear-powered aircraft carriers, submarines, destroyers, and amphibious ships. The company operates Newport News Shipbuilding in Virginia and Ingalls Shipbuilding in Mississippi. Newport News is the sole designer and builder of U.S. Navy nuclear-powered aircraft carriers and, alongside General Dynamics Electric Boat, builds the Navy’s nuclear-powered submarines.
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