Huntington Ingalls Industries (NYSE:HII – Get Free Report) had its price objective increased by stock analysts at Sanford C. Bernstein from $304.00 to $352.00 in a research note issued on Tuesday, Benzinga reports. The brokerage presently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein‘s price objective would indicate a potential upside of 10.91% from the stock’s previous close.
Other research analysts have also issued reports about the company. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 31st. Wells Fargo & Company raised their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Citigroup boosted their target price on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Wolfe Research upgraded shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a research note on Friday, July 31st. Finally, TD Cowen cut their target price on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating for the company in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Huntington Ingalls Industries presently has an average rating of “Moderate Buy” and an average target price of $368.71.
View Our Latest Stock Report on Huntington Ingalls Industries
Huntington Ingalls Industries Stock Performance
Shares of Huntington Ingalls Industries stock traded up $3.69 during trading on Tuesday, reaching $317.39. The company’s stock had a trading volume of 63,502 shares, compared to its average volume of 532,078. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. The business’s fifty day moving average price is $278.31 and its 200-day moving average price is $335.62. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 1.04 and a beta of 0.21. Huntington Ingalls Industries has a one year low of $255.35 and a one year high of $460.00.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last announced its earnings results on Thursday, October 29th. The aerospace company reported $5.48 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.12. The firm had revenue of $3.54 billion during the quarter, compared to the consensus estimate of $3.38 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.68 EPS. As a group, equities research analysts predict that Huntington Ingalls Industries will post 18.60 earnings per share for the current year.
Insider Activity at Huntington Ingalls Industries
In other news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This trade represents a 53.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Huntington Ingalls Industries during the second quarter worth $2,376,000. Corient Private Wealth LP increased its holdings in Huntington Ingalls Industries by 51.5% in the 2nd quarter. Corient Private Wealth LP now owns 25,114 shares of the aerospace company’s stock valued at $7,029,000 after buying an additional 8,532 shares during the period. Bank of New York Mellon Corp bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $75,094,000. Meeder Asset Management Inc. raised its stake in shares of Huntington Ingalls Industries by 102.3% in the 1st quarter. Meeder Asset Management Inc. now owns 13,009 shares of the aerospace company’s stock valued at $4,942,000 after buying an additional 6,579 shares in the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at $16,291,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.
HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.
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