Huntington Ingalls Industries (NYSE:HII) Raised to Strong-Buy at Wall Street Zen

Huntington Ingalls Industries (NYSE:HII) was upgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

A number of other analysts also recently issued reports on HII. The Goldman Sachs Group raised their price target on Huntington Ingalls Industries from $316.00 to $356.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Barclays lifted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. TD Cowen upped their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $318.57.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII opened at $316.39 on Friday. 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. The firm has a fifty day simple moving average of $297.91 and a two-hundred day simple moving average of $267.61. The stock has a market capitalization of $12.42 billion, a P/E ratio of 23.68, a PEG ratio of 1.71 and a beta of 0.40.

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

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $314.36, for a total transaction of $146,491.76. Following the transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at $760,122.48. This represents a 16.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Christopher D. Kastner sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,103 shares of company stock worth $5,477,768 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of large investors have recently bought and sold shares of the business. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the 2nd quarter valued at $25,000. Rakuten Securities Inc. boosted its position in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. SouthState Corp grew its stake in Huntington Ingalls Industries by 310.0% in the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Anchor Investment Management LLC raised its holdings in Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of Huntington Ingalls Industries by 120.0% during the third quarter. Versant Capital Management Inc now owns 110 shares of the aerospace company’s stock valued at $32,000 after buying an additional 60 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

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.