Huntington Ingalls Industries (HII) PT Lowered to $259.00

Huntington Ingalls Industries (NYSE:HII) had its price objective dropped by research analysts at Credit Suisse Group from $301.00 to $259.00 in a note issued to investors on Tuesday. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s price target would suggest a potential upside of 16.43% from the stock’s previous close.

Several other equities research analysts have also recently commented on HII. Cowen raised Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $252.00 to $275.00 in a research note on Thursday, February 1st. Bank of America set a $335.00 target price on Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Stifel Nicolaus reissued a “sell” rating and issued a $230.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, February 16th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, February 17th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $271.00 target price (up from $242.00) on shares of Huntington Ingalls Industries in a research note on Tuesday, February 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $265.33.

HII stock opened at $222.46 on Tuesday. Huntington Ingalls Industries has a fifty-two week low of $183.42 and a fifty-two week high of $276.69. The firm has a market cap of $9.91 billion, a P/E ratio of 18.32, a price-to-earnings-growth ratio of 0.89 and a beta of 1.01. The company has a quick ratio of 1.38, a current ratio of 1.51 and a debt-to-equity ratio of 0.75.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $3.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $4.07 by ($0.59). Huntington Ingalls Industries had a net margin of 6.80% and a return on equity of 34.69%. The business had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the business earned $2.56 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. equities research analysts expect that Huntington Ingalls Industries will post 16.62 EPS for the current fiscal year.

In related news, Director Stephen R. Wilson acquired 460 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was acquired at an average cost of $216.46 per share, with a total value of $99,571.60. Following the completion of the purchase, the director now directly owns 460 shares in the company, valued at $99,571.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Philip M. Bilden acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, May 14th. The shares were bought at an average cost of $215.35 per share, with a total value of $215,350.00. Following the completion of the purchase, the director now owns 270 shares of the company’s stock, valued at $58,144.50. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 5,260 shares of company stock valued at $1,269,526 and have sold 12,979 shares valued at $3,381,250. 2.32% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in the stock. IFC Holdings Incorporated FL grew its stake in shares of Huntington Ingalls Industries by 3.6% during the fourth quarter. IFC Holdings Incorporated FL now owns 6,434 shares of the aerospace company’s stock worth $1,523,000 after purchasing an additional 223 shares during the period. Whittier Trust Co. grew its stake in shares of Huntington Ingalls Industries by 113.1% during the first quarter. Whittier Trust Co. now owns 471 shares of the aerospace company’s stock worth $121,000 after purchasing an additional 250 shares during the period. Pettee Investors Inc. grew its stake in shares of Huntington Ingalls Industries by 5.8% during the first quarter. Pettee Investors Inc. now owns 4,633 shares of the aerospace company’s stock worth $1,194,000 after purchasing an additional 253 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Huntington Ingalls Industries by 4.2% during the first quarter. Nomura Asset Management Co. Ltd. now owns 6,611 shares of the aerospace company’s stock worth $1,704,000 after purchasing an additional 267 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Huntington Ingalls Industries by 8.4% during the fourth quarter. Jane Street Group LLC now owns 3,631 shares of the aerospace company’s stock worth $856,000 after purchasing an additional 280 shares during the period. 86.48% 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.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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