JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Huntington Ingalls Industries (NYSE:HII) Stock

Huntington Ingalls Industries (NYSE:HII) had its price target lifted by analysts at JPMorgan Chase & Co. from $287.00 to $342.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the aerospace company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 8.32% from the stock’s current price.

A number of other research firms have also recently commented on HII. TD Cowen increased their target price on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Friday, October 31st. The Goldman Sachs Group increased their target price on shares of Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Zacks Research cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Barclays increased their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a report on Monday, August 4th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $311.33.

Huntington Ingalls Industries Trading Down 0.6%

Shares of Huntington Ingalls Industries stock opened at $315.73 on Monday. The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 23.63, a PEG 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 12-month low of $158.88 and a 12-month high of $330.00. The firm’s 50-day moving average price is $283.59 and its two-hundred day moving average price is $257.47.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 30th. The aerospace company reported $3.68 EPS for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CYBER HORNET ETFs LLC bought a new position in Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 63 shares during the last quarter. Versant Capital Management Inc raised its holdings in Huntington Ingalls Industries by 120.0% during the 3rd quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 60 shares during the last quarter. SouthState Corp raised its holdings in Huntington Ingalls Industries by 310.0% during the 2nd quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Finally, Anchor Investment Management LLC raised its holdings in Huntington Ingalls Industries by 400.0% during the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares during the last quarter. 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.