Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $300.00

Huntington Ingalls Industries (NYSE:HII) had its price target boosted by research analysts at UBS Group from $275.00 to $300.00 in a research note issued to investors on Friday, Stock Target Advisor reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. UBS Group’s price objective indicates a potential upside of 19.42% from the stock’s current price.

HII has been the topic of several other reports. Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Buckingham Research decreased their price objective on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Alembic Global Advisors upgraded shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $249.30.

Shares of HII stock traded up $0.76 during trading on Friday, hitting $251.21. The company had a trading volume of 450,488 shares, compared to its average volume of 312,075. The company has a quick ratio of 1.05, a current ratio of 1.12 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average is $216.46 and its two-hundred day moving average is $216.34. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 13.16 and a beta of 1.19. Huntington Ingalls Industries has a 52 week low of $173.80 and a 52 week high of $254.14.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.63 by $0.11. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.20 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. Huntington Ingalls Industries’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $5.29 earnings per share. On average, research analysts predict that Huntington Ingalls Industries will post 13.95 EPS for the current fiscal year.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the sale, the vice president now owns 33,888 shares of the company’s stock, valued at $6,947,040. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.65% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Quest Capital Management Inc. ADV purchased a new stake in Huntington Ingalls Industries in the third quarter worth approximately $27,000. Zions Bancorporation N.A. boosted its stake in shares of Huntington Ingalls Industries by 1,260.0% during the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after purchasing an additional 126 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $30,000. Bridger Capital Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the third quarter valued at approximately $33,000. Finally, Doyle Wealth Management purchased a new stake in shares of Huntington Ingalls Industries during the second quarter valued at approximately $38,000. 85.82% of the stock is owned by institutional investors and hedge funds.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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