Citigroup Cuts Huntington Ingalls Industries (HII) Price Target to $240.00

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Huntington Ingalls Industries (NYSE:HII) had its price target decreased by equities researchers at Citigroup from $260.00 to $240.00 in a research note issued on Monday. The firm presently has a “buy” rating on the aerospace company’s stock. Citigroup‘s target price points to a potential upside of 24.08% from the company’s current price.

Several other analysts also recently commented on HII. Goldman Sachs Group downgraded shares of Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 target price for the company. in a report on Thursday, October 11th. ValuEngine downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, October 15th. Bank of America lowered their target price on shares of Huntington Ingalls Industries from $335.00 to $305.00 and set a “buy” rating for the company in a report on Friday, November 9th. Finally, Sanford C. Bernstein lowered their target price on shares of Huntington Ingalls Industries from $246.00 to $223.00 in a report on Monday, November 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $253.14.

Shares of Huntington Ingalls Industries stock traded down $1.10 during trading hours on Monday, reaching $193.42. The company’s stock had a trading volume of 48,722 shares, compared to its average volume of 491,618. Huntington Ingalls Industries has a one year low of $173.80 and a one year high of $276.69. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of 15.93 and a beta of 1.11. The company has a current ratio of 1.14, a quick ratio of 1.03 and a debt-to-equity ratio of 0.70.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $1.15. Huntington Ingalls Industries had a net margin of 8.63% and a return on equity of 43.71%. The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period last year, the firm earned $3.27 earnings per share. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, research analysts forecast that Huntington Ingalls Industries will post 18.21 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ayalon Holdings Ltd. purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $110,000. Welch Group LLC purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $110,000. NN Investment Partners Holdings N.V. purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $117,000. Moneta Group Investment Advisors LLC increased its holdings in Huntington Ingalls Industries by 1,392.5% during the second quarter. Moneta Group Investment Advisors LLC now owns 597 shares of the aerospace company’s stock worth $129,000 after buying an additional 557 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Huntington Ingalls Industries during the third quarter worth about $152,000. Institutional investors and hedge funds own 85.21% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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