Huntington Ingalls Industries (NYSE:HII) Given New $425.00 Price Target at The Goldman Sachs Group

Huntington Ingalls Industries (NYSE:HII) had its price objective lifted by The Goldman Sachs Group from $384.00 to $425.00 in a research report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the aerospace company’s stock.

Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Citigroup boosted their price target on Huntington Ingalls Industries from $376.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a report on Monday, November 3rd. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Sunday. Five equities research 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, the stock currently has a consensus rating of “Hold” and a consensus target price of $343.63.

Huntington Ingalls Industries Stock Down 2.5%

HII stock opened at $415.28 on Tuesday. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $432.00. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. The company has a market cap of $16.30 billion, a PE ratio of 28.68, a price-to-earnings-growth ratio of 1.72 and a beta of 0.36. The business’s 50-day simple moving average is $341.92 and its 200 day simple moving average is $299.74.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results 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 firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.56 EPS. On average, research analysts anticipate that Huntington Ingalls Industries will post 13.99 earnings per share for the current year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CEO Christopher D. Kastner sold 15,000 shares of the 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 sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at $21,876,707.34. This represents a 18.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 466 shares of the firm’s 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 completion of the sale, the chief accounting officer owned 2,418 shares of the company’s stock, valued at $760,122.48. The trade was a 16.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 17,103 shares of company stock worth $5,477,768 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Large investors have recently modified their holdings of the stock. Peddock Capital Advisors LLC bought a new position in shares of Huntington Ingalls Industries in the second quarter valued at about $483,000. Buttonwood Financial Advisors Inc. acquired a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $253,000. Revisor Wealth Management LLC bought a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $374,000. Korea Investment CORP bought a new position in Huntington Ingalls Industries in the 2nd quarter valued at about $1,604,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Huntington Ingalls Industries during the second quarter worth approximately $243,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.