Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $425.00

Huntington Ingalls Industries (NYSE:HII) had its target price upped by The Goldman Sachs Group from $384.00 to $425.00 in a report issued on Tuesday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the aerospace company’s stock.

Several other equities research analysts have also recently weighed in on HII. JPMorgan Chase & Co. increased their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a research note on Wednesday, October 8th. TD Cowen raised their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. 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 report on Tuesday, January 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $362.00 price target on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $343.63.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $423.70 on Tuesday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. Huntington Ingalls Industries has a 52-week low of $158.88 and a 52-week high of $432.00. The company has a fifty day moving average of $346.23 and a 200-day moving average of $301.45. The stock has a market capitalization of $16.63 billion, a price-to-earnings ratio of 29.26, a price-to-earnings-growth ratio of 1.71 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, topping the consensus estimate of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities research analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total transaction of $247,251.79. Following the completion of the transaction, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 17,103 shares of company stock worth $5,477,768. 0.72% of the stock is currently owned by insiders.

Institutional Trading of Huntington Ingalls Industries

Several large investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 509.2% in the 3rd quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock worth $168,983,000 after acquiring an additional 490,587 shares in the last quarter. Maverick Capital Ltd. purchased a new stake in Huntington Ingalls Industries in the second quarter worth $93,332,000. Sound Shore Management Inc CT bought a new position in Huntington Ingalls Industries in the second quarter worth $80,047,000. Orion Porfolio Solutions LLC raised its holdings in Huntington Ingalls Industries by 3,576.2% in the second quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock worth $47,268,000 after purchasing an additional 190,434 shares in the last quarter. Finally, Sunriver Management LLC bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at $31,532,000. 90.46% of the stock is owned by 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.