Huntington Ingalls Industries (NYSE:HII) Price Target Cut to $327.00 by Analysts at Sanford C. Bernstein

Huntington Ingalls Industries (NYSE:HII) had its target price lowered by equities research analysts at Sanford C. Bernstein from $341.00 to $327.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has a “market perform” rating on the aerospace company’s stock. Sanford C. Bernstein’s target price would indicate a potential upside of 19.56% from the company’s previous close.

Several other analysts also recently commented on the stock. Citigroup upped their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. TD Cowen lowered their price objective on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research report on Monday, July 13th. Wells Fargo & Company lifted their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price for the company in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 31st. Five research analysts have rated the stock with a Buy rating and five have given a Hold 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 $367.12.

Huntington Ingalls Industries Stock Performance

HII traded up $2.56 during trading on Wednesday, hitting $273.50. 69,330 shares of the stock were exchanged, compared to its average volume of 524,257. The firm has a market capitalization of $10.78 billion, a P/E ratio of 16.30, a PEG ratio of 1.04 and a beta of 0.23. Huntington Ingalls Industries has a 1-year low of $263.62 and a 1-year high of $460.00. The stock has a fifty day moving average price of $295.91 and a two-hundred day moving average price of $326.81. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, beating the consensus estimate of $3.79 by $1.48. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.86 earnings per share. As a group, sell-side analysts predict that Huntington Ingalls Industries will post 18.47 earnings per share for the current year.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the business’s stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the transaction, the chief executive officer directly owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. The trade was a 53.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Personal CFO Solutions LLC boosted its stake in shares of Huntington Ingalls Industries by 3.7% in the first quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock valued at $294,000 after buying an additional 28 shares in the last quarter. Whittier Trust Co. grew its holdings in Huntington Ingalls Industries by 2.5% during the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock worth $625,000 after acquiring an additional 38 shares during the period. EverSource Wealth Advisors LLC grew its holdings in Huntington Ingalls Industries by 3.0% during the first quarter. EverSource Wealth Advisors LLC now owns 1,523 shares of the aerospace company’s stock worth $579,000 after acquiring an additional 44 shares during the period. Empirical Finance LLC raised its position in Huntington Ingalls Industries by 3.3% in the second quarter. Empirical Finance LLC now owns 1,480 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 47 shares in the last quarter. Finally, Global Retirement Partners LLC raised its position in Huntington Ingalls Industries by 2.5% in the fourth quarter. Global Retirement Partners LLC now owns 2,213 shares of the aerospace company’s stock worth $753,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company focused on designing, building, modernizing and maintaining military ships and providing technology services to government customers. It is the largest military shipbuilding company in the United States and one of the few companies capable of designing and constructing nuclear-powered aircraft carriers and submarines.

HII operates through three primary businesses: Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.