Ingalls Shipbuilding and Newport News Shipbuilding
Shares of Huntington Ingalls Industries (NYSE:HII) were up 2.8% on Tuesday after Bank of America upgraded the stock from a neutral rating to a buy rating, Stock Ratings Network reports. Bank of America now has a $130.00 price target on the stock, up from their previous price target of $110.00. Huntington Ingalls Industries traded as high as $113.71 and last traded at $113.33, with a volume of 230,015 shares traded. The stock had previously closed at $110.23.
A number of other analysts have also recently weighed in on HII. Analysts at Deutsche Bank raised their price target on shares of Huntington Ingalls Industries from $125.00 to $137.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Huntington Ingalls Industries from $141.00 to $150.00 in a research note on Friday, December 19th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $121.00.
The stock’s 50-day moving average is $109.4 and its 200-day moving average is $101.5. The company has a market cap of $5.491 billion and a P/E ratio of 14.48.
Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, November 6th. The company reported $1.67 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.83 by $0.16. The company had revenue of $1.72 million for the quarter, compared to the consensus estimate of $1.71 million. During the same quarter last year, the company posted $1.17 earnings per share. Huntington Ingalls Industries’s revenue was up 3.3% compared to the same quarter last year. On average, analysts predict that Huntington Ingalls Industries will post $7.79 earnings per share for the current fiscal year.
Huntington Ingalls Industries, Inc (NYSE:HII) owns and operates two segments: Ingalls Shipbuilding and Newport News Shipbuilding.