Citigroup Inc. reaffirmed their neutral rating on shares of Huntington Ingalls Industries, Inc. (NYSE:HII) in a research report report published on Monday. Citigroup Inc. currently has a $233.00 price target on the aerospace company’s stock, up from their previous price target of $224.00.

Other analysts have also recently issued research reports about the company. BidaskClub cut Huntington Ingalls Industries from a buy rating to a hold rating in a report on Wednesday, August 23rd. Cowen and Company reiterated a hold rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Zacks Investment Research upgraded Huntington Ingalls Industries from a hold rating to a buy rating and set a $222.00 target price for the company in a report on Monday, July 17th. Deutsche Bank AG reiterated a buy rating and set a $240.00 target price (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Finally, ValuEngine upgraded Huntington Ingalls Industries from a hold rating to a buy rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $209.00.

Huntington Ingalls Industries (NYSE:HII) opened at 235.44 on Monday. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 19.24 and a beta of 1.18. The firm’s 50-day moving average is $219.68 and its 200 day moving average is $204.09. Huntington Ingalls Industries has a 52 week low of $146.52 and a 52 week high of $236.94.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company posted $2.32 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. On average, equities research analysts expect that Huntington Ingalls Industries will post $11.54 EPS for the current year.

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In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the transaction, the vice president now owns 19,865 shares in the company, valued at approximately $4,267,597.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP William R. Ermatinger sold 2,985 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the transaction, the vice president now owns 32,810 shares of the company’s stock, valued at approximately $7,057,431. The disclosure for this sale can be found here. 2.22% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HII. Tower Research Capital LLC TRC boosted its holdings in Huntington Ingalls Industries by 25.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 500 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 100 shares during the period. Toronto Dominion Bank boosted its holdings in Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after acquiring an additional 36 shares during the period. Global X Management Co. LLC purchased a new position in Huntington Ingalls Industries in the 2nd quarter worth approximately $125,000. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 6.3% in the 1st quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock worth $135,000 after acquiring an additional 40 shares during the period. Finally, Pacer Advisors Inc. boosted its holdings in Huntington Ingalls Industries by 7.0% in the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after acquiring an additional 58 shares during the period. Hedge funds and other institutional investors own 85.45% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Analyst Recommendations for Huntington Ingalls Industries (NYSE:HII)

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