Huntington Ingalls Industries (NYSE:HII) Price Target Raised to $379.00 at Citigroup

Huntington Ingalls Industries (NYSE:HII) had its price target hoisted by Citigroup from $349.00 to $379.00 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the aerospace company’s stock. Citigroup’s price target would suggest a potential upside of 15.82% from the company’s previous close.

Several other brokerages have also weighed in on HII. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. TD Cowen cut their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Wolfe Research raised Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price on the stock in a report on Friday. Finally, Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and an average target price of $376.22.

Huntington Ingalls Industries Stock Up 2.3%

Shares of HII traded up $7.34 during trading on Friday, reaching $327.24. The company’s stock had a trading volume of 906,212 shares, compared to its average volume of 545,005. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 21.29, a P/E/G ratio of 1.20 and a beta of 0.25. The company has a quick ratio of 1.11, a current ratio of 1.19 and a debt-to-equity ratio of 0.52. The company has a fifty day moving average of $290.79 and a two-hundred day moving average of $359.35. Huntington Ingalls Industries has a twelve month low of $259.00 and a twelve month high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, topping analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.86 earnings per share. On average, sell-side analysts predict that Huntington Ingalls Industries will post 17.31 EPS for the current fiscal year.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president directly owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Huntington Ingalls Industries by 85.0% in the fourth quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after purchasing an additional 498,690 shares during the period. Van ECK Associates Corp increased its stake in shares of Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after purchasing an additional 400,428 shares during the period. Marshall Wace LLP raised its holdings in shares of Huntington Ingalls Industries by 588.1% during the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock valued at $119,663,000 after buying an additional 300,740 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Huntington Ingalls Industries by 390.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock valued at $97,036,000 after buying an additional 227,126 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Key Headlines Impacting Huntington Ingalls Industries

Here are the key news stories impacting Huntington Ingalls Industries this week:

• Positive Sentiment: Q2 results substantially exceeded expectations. HII reported adjusted earnings of $5.27 per share, versus the $3.79 consensus estimate and $3.86 a year earlier. Revenue rose 10.9% year over year to $3.42 billion, beating forecasts of approximately $3.15 billion. Huntington Ingalls Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Management raised the revenue outlook and highlighted shipbuilding strength. Fiscal 2026 revenue guidance of $13.2 billion to $13.6 billion is above the roughly $13.0 billion analyst consensus. New awards also lifted backlog to $57.3 billion, improving long-term revenue visibility. HII Q2 Earnings Surpass Estimates
• Positive Sentiment: Large submarine contracts reinforce future demand. HII’s Newport News Shipbuilding division is part of the Navy shipbuilding team awarded contracts for Block VI Virginia-class and Build II Columbia-class submarines. The contracts have a reported combined value of $76.6 billion, although the amount represents the broader program and is not entirely HII revenue. HII Submarine Contracts
• Positive Sentiment: Analyst sentiment improved. Wolfe Research upgraded HII from “Peer Perform” to “Outperform” and set a $364 price target, citing potential upside from the current trading level. Finviz analyst upgrade
• Neutral Sentiment: HII declared a quarterly dividend of $1.38 per share, payable September 11 to shareholders of record August 28. The dividend supports the income-investment case but is unlikely to be the primary driver of the latest move.
• Negative Sentiment: Despite improving operations, commentary indicates that growth remains constrained by shipbuilding execution and production capacity. Investors may continue to monitor margins, program execution and the company’s ability to convert its substantial backlog into profitable growth. Huntington Ingalls Operations Are Improving

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.