Huntington Ingalls Industries (NYSE:HII) Stock Price Expected to Rise, Citigroup Analyst Says

Huntington Ingalls Industries (NYSE:HII) had its price objective increased by investment analysts at Citigroup from $450.00 to $465.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price objective would indicate a potential upside of 16.24% from the company’s previous close.

HII has been the topic of a number of other research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. The Goldman Sachs Group boosted their price target on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Melius Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, TD Cowen lifted their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $345.50.

Huntington Ingalls Industries Trading Down 1.4%

HII stock traded down $5.77 during mid-day trading on Tuesday, hitting $400.05. 115,593 shares of the company were exchanged, compared to its average volume of 651,237. The business has a fifty day simple moving average of $370.96 and a 200-day simple moving average of $315.44. The firm has a market capitalization of $15.70 billion, a P/E ratio of 26.10, a PEG ratio of 1.60 and a beta of 0.34. Huntington Ingalls Industries has a 12-month low of $159.41 and a 12-month high of $436.14. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. During the same quarter in the prior year, the company posted $3.15 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 15.7% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insider Transactions at Huntington Ingalls Industries

In related news, CEO Christopher D. Kastner sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the transaction, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. The trade was a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 850 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total transaction of $268,124.00. Following the completion of the sale, the vice president directly owned 8,731 shares of the company’s stock, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 16,637 shares of company stock worth $5,331,276. Insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Korea Investment CORP acquired a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth about $1,604,000. Primoris Wealth Advisors LLC bought a new stake in Huntington Ingalls Industries during the third quarter worth about $2,260,000. CWA Asset Management Group LLC increased its holdings in shares of Huntington Ingalls Industries by 51.2% during the third quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock worth $7,125,000 after buying an additional 8,384 shares in the last quarter. Markel Group Inc. boosted its holdings in shares of Huntington Ingalls Industries by 13.9% in the 2nd quarter. Markel Group Inc. now owns 20,500 shares of the aerospace company’s stock worth $4,950,000 after acquiring an additional 2,500 shares in the last quarter. Finally, SS&H Financial Advisors Inc. increased its holdings in Huntington Ingalls Industries by 76.7% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after purchasing an additional 3,525 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

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.