Huntington Ingalls Industries (NYSE:HII) Price Target Cut to $300.00

Huntington Ingalls Industries (NYSE:HII) had its price target dropped by investment analysts at UBS Group from $310.00 to $300.00 in a research note issued to investors on Friday, BenzingaRatingsTable reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. UBS Group’s price target would suggest a potential upside of 19.83% from the company’s current price.

Several other brokerages have also weighed in on HII. ValuEngine lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Cowen lowered Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and set a $280.00 price objective for the company. in a report on Wednesday, January 22nd. They noted that the move was a valuation call. Credit Suisse Group reissued an “outperform” rating and issued a $284.00 price objective (down previously from $296.00) on shares of Huntington Ingalls Industries in a report on Friday. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “sell” rating and set a $293.00 price objective for the company. in a report on Monday, January 27th. Finally, Barclays reissued a “hold” rating and issued a $295.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, January 23rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $284.57.

NYSE HII opened at $250.36 on Friday. The stock has a market capitalization of $11.00 billion, a price-to-earnings ratio of 17.15 and a beta of 1.24. Huntington Ingalls Industries has a one year low of $196.26 and a one year high of $279.71. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.04 and a quick ratio of 0.97. The business’s fifty day moving average is $267.10 and its 200-day moving average is $236.30.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 13th. The aerospace company reported $4.36 EPS for the quarter, topping the Zacks’ consensus estimate of $4.20 by $0.16. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The company had revenue of $2.41 billion for the quarter, compared to analysts’ expectations of $2.32 billion. During the same period in the previous year, the business posted $4.94 EPS. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries will post 13.87 EPS for the current fiscal year.

In related news, VP Jerri F. Dickseski sold 1,874 shares of Huntington Ingalls Industries stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $268.69, for a total value of $503,525.06. Following the completion of the sale, the vice president now owns 30,140 shares of the company’s stock, valued at approximately $8,098,316.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.65% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HII. Massachusetts Financial Services Co. MA purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $99,890,000. FMR LLC grew its holdings in Huntington Ingalls Industries by 11.4% during the 4th quarter. FMR LLC now owns 3,359,521 shares of the aerospace company’s stock valued at $842,837,000 after buying an additional 345,138 shares in the last quarter. BlackRock Inc. grew its holdings in Huntington Ingalls Industries by 8.4% during the 2nd quarter. BlackRock Inc. now owns 3,537,271 shares of the aerospace company’s stock valued at $794,967,000 after buying an additional 272,816 shares in the last quarter. Prudential Financial Inc. grew its holdings in Huntington Ingalls Industries by 301.2% during the 4th quarter. Prudential Financial Inc. now owns 250,159 shares of the aerospace company’s stock valued at $62,760,000 after buying an additional 187,810 shares in the last quarter. Finally, Wedge Capital Management L L P NC purchased a new position in Huntington Ingalls Industries during the 4th quarter valued at about $46,860,000. 88.31% 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.

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Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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