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

Key Points

• Barclays has raised its target price for Huntington Ingalls Industries (HII) from $235.00 to $295.00, indicating a potential upside of 9.35% from its previous close.
• Several research firms, including TD Cowen and Goldman Sachs, have also issued upgraded ratings and price targets for HII, with estimates ranging as high as $300.00.
• Huntington Ingalls reported better-than-expected earnings, with earnings per share of $3.86, surpassing the consensus estimate of $3.23, alongside a year-over-year revenue increase of 3.5%.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) had its target price lifted by analysts at Barclays from $235.00 to $295.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an "equal weight" rating on the aerospace company's stock. Barclays's price objective would suggest a potential upside of 9.35% from the company's previous close.

A number of other research firms have also recently commented on HII. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research report on Thursday, May 15th. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $258.88.

Huntington Ingalls Industries Trading Down 0.0%

NYSE HII traded down $0.06 during mid-day trading on Monday, hitting $269.77. The company's stock had a trading volume of 81,493 shares, compared to its average volume of 651,598. The firm has a market capitalization of $10.59 billion, a P/E ratio of 20.19, a price-to-earnings-growth ratio of 1.66 and a beta of 0.33. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries has a 52-week low of $158.88 and a 52-week high of $293.14. The stock's fifty day simple moving average is $243.11 and its two-hundred day simple moving average is $216.24.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the business posted $4.38 EPS. The business's quarterly revenue was up 3.5% on a year-over-year basis. Research analysts expect that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Anastasi D. Kelly sold 1,960 shares of the company's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the transaction, the director owned 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president directly owned 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.86% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

A number of institutional investors have recently bought and sold shares of the business. Sentry Investment Management LLC acquired a new stake in Huntington Ingalls Industries during the first quarter worth about $26,000. HM Payson & Co. boosted its stake in Huntington Ingalls Industries by 71.9% during the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after buying an additional 64 shares in the last quarter. Park Square Financial Group LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at $31,000. Raiffeisen Bank International AG acquired a new position in shares of Huntington Ingalls Industries in the 4th quarter valued at $36,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 40.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company's stock worth $42,000 after acquiring an additional 59 shares during the period. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.

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