Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $379.00 at Citigroup

Huntington Ingalls Industries (NYSE:HII) had its price objective upped by Citigroup from $349.00 to $379.00 in a report issued on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the aerospace company’s stock.

HII has been the topic of several other reports. Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price target on the stock in a research report on Friday. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, TD Cowen dropped their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus price target of $376.22.

Huntington Ingalls Industries Trading Up 2.3%

Shares of NYSE HII opened at $327.24 on Friday. The stock’s 50 day moving average price is $290.91 and its two-hundred day moving average price is $359.13. Huntington Ingalls Industries has a 52-week low of $259.00 and a 52-week high of $460.00. The stock has a market capitalization of $12.89 billion, a P/E ratio of 19.50, a PEG ratio of 1.37 and a beta of 0.25. The company has a quick ratio of 1.11, a current ratio of 1.23 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, topping the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion during the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.86 EPS. On average, analysts anticipate that Huntington Ingalls Industries will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 32.90%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in the stock. M&T Bank Corp increased its holdings in shares of Huntington Ingalls Industries by 205.8% in the 4th quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after acquiring an additional 26,940 shares during the period. Chase Investment Counsel Corp acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $4,634,000. Builder Investment Group Inc. ADV acquired a new position in Huntington Ingalls Industries during the 4th quarter valued at about $6,815,000. Goldman Sachs Group Inc. grew its position in Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock worth $124,384,000 after purchasing an additional 152,624 shares during the last quarter. Finally, Rothschild Investment LLC increased its stake in shares of Huntington Ingalls Industries by 478.1% in the fourth quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company’s stock valued at $1,801,000 after purchasing an additional 4,379 shares during the period. 90.46% of the stock is owned by institutional investors and hedge funds.

Key Huntington Ingalls Industries News

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. HII reported adjusted earnings of $5.27 per share versus the $3.79 consensus estimate, while revenue rose 10.9% year over year to $3.42 billion, above expectations of $3.15 billion. Huntington Ingalls Industries Q2 earnings report
• Positive Sentiment: Shipbuilding demand and backlog strengthened the outlook. Higher ship volumes supported quarterly growth, while new awards lifted backlog to approximately $57.3 billion. Management also forecast fiscal 2026 revenue of $13.2 billion to $13.6 billion, above the roughly $13.0 billion analyst consensus. HII Q2 earnings surpass estimates
• Positive Sentiment: A major submarine-contract opportunity adds long-term visibility. Newport News Shipbuilding, HII’s division, is expected to play a large role in $76.6 billion of U.S. Navy submarine contracts, reinforcing the company’s strategic importance and future workload. Huntington Ingalls awarded Navy submarine contracts
• Positive Sentiment: Analysts became more constructive. Citigroup raised its price target from $349 to $379 and assigned a “buy” rating, while Wolfe Research upgraded HII to “outperform” with a $364 target. These targets imply additional upside based on the referenced share price.
• Neutral Sentiment: HII declared a quarterly dividend of $1.38 per share, payable September 11 to shareholders of record August 28. The dividend supports shareholder returns but is unlikely to be the primary driver of the current move.
• Negative Sentiment: Some commentary cautioned that operational improvements may not translate into rapid growth, highlighting execution and capacity constraints as risks despite the stronger backlog and contract pipeline. Huntington Ingalls operations and growth analysis

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.