Barclays Forecasts Strong Price Appreciation for Huntington Ingalls Industries (NYSE:HII) Stock

Huntington Ingalls Industries (NYSE:HII) had its price target lifted by research analysts at Barclays from $235.00 to $295.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the aerospace company’s stock. Barclays‘s price objective would suggest a potential upside of 8.88% from the stock’s current price.

Several other brokerages have also recently weighed in on HII. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and lifted their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Wall Street Zen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Finally, The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $258.88.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $270.93 on Monday. The stock has a market capitalization of $10.63 billion, a PE ratio of 20.28, a P/E/G ratio of 1.63 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The business has a fifty day moving average price of $244.78 and a two-hundred day moving average price of $217.05. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $293.14.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.63. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.38 EPS. As a group, equities analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 1,965 shares of the business’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. The trade was a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently made changes to their positions in HII. Wellington Management Group LLP grew its position in shares of Huntington Ingalls Industries by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 6,420 shares of the aerospace company’s stock valued at $1,213,000 after buying an additional 370 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Huntington Ingalls Industries by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock valued at $197,677,000 after purchasing an additional 29,670 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Huntington Ingalls Industries by 6.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 10,414 shares of the aerospace company’s stock valued at $1,968,000 after purchasing an additional 610 shares during the period. Huntington National Bank lifted its stake in shares of Huntington Ingalls Industries by 23.1% in the 4th quarter. Huntington National Bank now owns 581 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 109 shares during the period. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at about $2,151,000. Institutional investors own 90.46% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs 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.