Huntington Ingalls Industries (NYSE:HII) Price Target Increased to $290.00 by Analysts at Barclays

Huntington Ingalls Industries (NYSE:HIIFree Report) had its price target boosted by Barclays from $280.00 to $290.00 in a research note published on Tuesday, Benzinga reports. The firm currently has an equal weight rating on the aerospace company’s stock.

Separately, StockNews.com upgraded Huntington Ingalls Industries from a buy rating to a strong-buy rating in a research report on Friday, December 15th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $244.00.

View Our Latest Stock Report on Huntington Ingalls Industries

Huntington Ingalls Industries Stock Up 0.1 %

HII opened at $266.22 on Tuesday. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. The company has a market cap of $10.54 billion, a PE ratio of 15.57, a price-to-earnings-growth ratio of 2.49 and a beta of 0.58. The company has a 50-day moving average price of $254.40 and a 200 day moving average price of $232.81. Huntington Ingalls Industries has a twelve month low of $188.51 and a twelve month high of $269.33.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last issued its quarterly earnings results on Thursday, February 1st. The aerospace company reported $6.90 EPS for the quarter, beating the consensus estimate of $4.27 by $2.63. The company had revenue of $3.18 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.07 EPS. Sell-side analysts expect that Huntington Ingalls Industries will post 16.45 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now directly owns 19,100 shares in the company, valued at $5,036,479. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the transaction, the vice president now directly owns 19,100 shares in the company, valued at approximately $5,036,479. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jennifer R. Boykin sold 567 shares of the company’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $239.00, for a total value of $135,513.00. Following the completion of the sale, the vice president now directly owns 9,053 shares in the company, valued at approximately $2,163,667. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several large investors have recently added to or reduced their stakes in the business. Capital Investment Counsel Inc boosted its holdings in Huntington Ingalls Industries by 0.5% in the third quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company’s stock worth $1,693,000 after purchasing an additional 44 shares during the period. Signaturefd LLC boosted its holdings in shares of Huntington Ingalls Industries by 28.9% in the second quarter. Signaturefd LLC now owns 205 shares of the aerospace company’s stock worth $47,000 after buying an additional 46 shares during the period. Horizon Investments LLC boosted its position in shares of Huntington Ingalls Industries by 7.7% in the second quarter. Horizon Investments LLC now owns 669 shares of the aerospace company’s stock worth $152,000 after buying an additional 48 shares during the period. Kestra Private Wealth Services LLC increased its holdings in shares of Huntington Ingalls Industries by 0.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company’s stock valued at $2,705,000 after purchasing an additional 48 shares during the period. Finally, Martin Capital Partners LLC grew its holdings in shares of Huntington Ingalls Industries by 2.0% during the 3rd quarter. Martin Capital Partners LLC now owns 2,548 shares of the aerospace company’s stock valued at $521,000 after acquiring an additional 49 shares in the last quarter. 89.18% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

(Get Free Report)

Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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