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

Huntington Ingalls Industries (NYSE:HII) had its price objective upped by stock analysts at TD Cowen from $440.00 to $460.00 in a research note issued 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 6.88% from the stock’s previous close.

Several other analysts have also issued reports on HII. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 target price on shares of Huntington Ingalls Industries in a research report on Wednesday, February 11th. Melius Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Monday, January 5th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Citigroup boosted their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $384.13.

Huntington Ingalls Industries Stock Up 2.2%

Shares of HII opened at $430.37 on Friday. The firm has a market cap of $16.89 billion, a P/E ratio of 28.00, a PEG ratio of 1.75 and a beta of 0.32. Huntington Ingalls Industries has a 12 month low of $177.42 and a 12 month high of $460.00. The stock’s 50 day moving average is $408.85 and its two-hundred day moving average is $336.69. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.09 billion. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same quarter last year, the company earned $3.15 EPS. Analysts predict that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, EVP Eric D. Chewning sold 1,700 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president directly owned 1,949 shares in the company, valued at $844,774.56. The trade was a 46.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. TriaGen Wealth Management LLC increased its stake in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after acquiring an additional 31 shares during the last quarter. CI Investments Inc. boosted its position in shares of Huntington Ingalls Industries by 16.7% during the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 33 shares during the last quarter. Intrust Bank NA grew its holdings in shares of Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after purchasing an additional 35 shares during the period. Oakworth Capital Inc. increased its position in Huntington Ingalls Industries by 1.7% during the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock worth $750,000 after purchasing an additional 36 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its position in Huntington Ingalls Industries by 3.9% during the third quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 38 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

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.