The Goldman Sachs Group Boosts Huntington Ingalls Industries (NYSE:HII) Price Target to $425.00

Huntington Ingalls Industries (NYSE:HII) had its price target upped by stock analysts at The Goldman Sachs Group from $384.00 to $425.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. The Goldman Sachs Group’s price target would indicate a potential upside of 1.32% from the company’s previous close.

Several other brokerages have also recently issued reports on HII. Wall Street Zen raised Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. Citigroup upped their price target on shares of Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Melius raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 target price on shares of Huntington Ingalls Industries in a report on Friday, November 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $343.63.

Huntington Ingalls Industries Price Performance

HII traded down $6.42 during trading on Tuesday, hitting $419.48. 329,610 shares of the company traded hands, compared to its average volume of 685,650. The company has a market cap of $16.46 billion, a PE ratio of 29.00, a P/E/G ratio of 1.72 and a beta of 0.36. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $432.00. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock’s 50-day simple moving average is $340.10 and its two-hundred day simple moving average is $298.59.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate of $3.29 by $0.39. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The business’s revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.56 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total value of $247,251.79. Following the transaction, the vice president directly owned 20,441 shares in the company, valued at $6,421,948.97. This represents a 3.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $315.44, for a total transaction of $268,124.00. Following the transaction, the vice president directly owned 8,731 shares in the company, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 17,103 shares of company stock valued at $5,477,768 over the last quarter. 0.86% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of hedge funds have recently made changes to their positions in the stock. CI Investments Inc. raised its holdings in Huntington Ingalls Industries by 16.7% in the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 33 shares in the last quarter. Evergreen Capital Management LLC boosted its stake in Huntington Ingalls Industries by 3.9% in the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after acquiring an additional 38 shares in the last quarter. 1834 Investment Advisors Co. grew its holdings in Huntington Ingalls Industries by 1.6% in the third quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after purchasing an additional 39 shares during the last quarter. O Keefe Stevens Advisory Inc. increased its position in shares of Huntington Ingalls Industries by 0.7% during the third quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock worth $1,658,000 after purchasing an additional 40 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in shares of Huntington Ingalls Industries by 10.1% during the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.