TD Cowen Boosts Huntington Ingalls Industries (NYSE:HII) Price Target to $350.00

Huntington Ingalls Industries (NYSE:HII) had its target price lifted by analysts at TD Cowen from $320.00 to $350.00 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the aerospace company’s stock. TD Cowen’s price objective suggests a potential upside of 8.71% from the company’s current price.

Several other equities analysts also recently commented on the company. Barclays upped their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research report on Monday, August 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Bank of America upped their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an “underperform” rating in a research report on Wednesday, August 13th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, September 7th. Finally, Zacks Research cut Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $305.20.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $321.94 on Friday. The stock’s fifty day moving average is $281.77 and its two-hundred day moving average is $255.82. The company has a market capitalization of $12.63 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $330.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, beating the consensus estimate of $3.29 by $0.39. The company had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%.Huntington Ingalls Industries’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.56 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts expect that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Institutional Investors Weigh In On Huntington Ingalls Industries

Hedge funds have recently made changes to their positions in the company. DAVENPORT & Co LLC lifted its stake in shares of Huntington Ingalls Industries by 6.3% during the 1st quarter. DAVENPORT & Co LLC now owns 2,872 shares of the aerospace company’s stock worth $586,000 after purchasing an additional 169 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth $1,324,000. Oregon Public Employees Retirement Fund lifted its stake in shares of Huntington Ingalls Industries by 6.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 3,560 shares of the aerospace company’s stock worth $726,000 after purchasing an additional 200 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 17.6% during the 1st quarter. Principal Financial Group Inc. now owns 159,660 shares of the aerospace company’s stock worth $32,577,000 after purchasing an additional 23,883 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of Huntington Ingalls Industries by 8.6% during the 1st quarter. D.A. Davidson & CO. now owns 5,071 shares of the aerospace company’s stock worth $1,035,000 after purchasing an additional 403 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

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.