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

Huntington Ingalls Industries (NYSE:HII) had its price target upped by Citigroup from $376.00 to $450.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup’s target price points to a potential upside of 9.04% from the stock’s previous close.

Other analysts have also issued reports about the stock. Melius raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Sanford C. Bernstein restated a “market perform” rating and issued a $362.00 price objective on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Finally, The Goldman Sachs Group upped their price target on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a report 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. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $335.00.

Huntington Ingalls Industries Price Performance

NYSE:HII traded up $14.43 during trading hours on Tuesday, hitting $412.68. The company’s stock had a trading volume of 657,285 shares, compared to its average volume of 599,252. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. The company has a market capitalization of $16.19 billion, a PE ratio of 28.49, a PEG ratio of 1.57 and a beta of 0.36. Huntington Ingalls Industries has a 52-week low of $158.88 and a 52-week high of $414.57. The business’s 50-day moving average is $329.28 and its two-hundred day moving average is $292.47.

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

Insider Activity

In related news, VP Chad N. Boudreaux sold 787 shares of Huntington Ingalls Industries 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 sale, the vice president owned 20,441 shares of the company’s stock, valued at approximately $6,421,948.97. This trade represents a 3.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total value of $146,491.76. Following the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 17,103 shares of company stock valued at $5,477,768. 0.86% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HII. AQR Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 509.2% in the third 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. acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth $93,332,000. Sound Shore Management Inc CT acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $80,047,000. Orion Porfolio Solutions LLC grew its holdings in Huntington Ingalls Industries by 3,576.2% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 195,759 shares of the aerospace company’s stock valued at $47,268,000 after buying an additional 190,434 shares during the last quarter. Finally, Sunriver Management LLC purchased a new position in Huntington Ingalls Industries during the second quarter worth about $31,532,000. 90.46% of the stock is currently owned by hedge funds and other 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.