The stock of Huntington Ingalls Industries Inc (NYSE:HII) reached all time high today, Nov, 29 and still has $197.76 target or 9.00% above today’s $181.43 share price. This indicates more upside for the $8.38B company. This technical setup was reported by Barchart.com. If the $197.76 PT is reached, the company will be worth $754.20M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 288,612 shares traded hands. Huntington Ingalls Industries Inc (NYSE:HII) has risen 24.68% since April 26, 2016 and is uptrending. It has outperformed by 19.43% the S&P500.
Analysts await Huntington Ingalls Industries Inc (NYSE:HII) to report earnings on February, 16. They expect $2.51 EPS, up 12.05% or $0.27 from last year’s $2.24 per share. HII’s profit will be $115.93 million for 18.07 P/E if the $2.51 EPS becomes a reality. After $2.27 actual EPS reported by Huntington Ingalls Industries Inc for the previous quarter, Wall Street now forecasts 10.57% EPS growth.
Huntington Ingalls Industries Inc (NYSE:HII) Ratings Coverage
Out of 8 analysts covering Huntington Ingalls Industries (NYSE:HII), 4 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 50% are positive. Huntington Ingalls Industries has been the topic of 15 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded Huntington Ingalls Industries Inc (NYSE:HII) on Monday, January 18 to “Neutral” rating. Wells Fargo upgraded the stock to “Outperform” rating in Friday, November 6 report. Cowen & Co downgraded the stock to “Market Perform” rating in Tuesday, September 20 report. The firm has “Market Perform” rating by Cowen & Co given on Thursday, October 1. The firm has “Market Perform” rating by Wells Fargo given on Friday, August 5. The stock of Huntington Ingalls Industries Inc (NYSE:HII) earned “Buy” rating by Guggenheim on Wednesday, January 20. Deutsche Bank maintained Huntington Ingalls Industries Inc (NYSE:HII) rating on Monday, July 11. Deutsche Bank has “Buy” rating and $190 price target. The company was downgraded on Tuesday, May 24 by Stifel Nicolaus. Credit Suisse upgraded Huntington Ingalls Industries Inc (NYSE:HII) on Friday, January 15 to “Neutral” rating. Deutsche Bank maintained the stock with “Buy” rating in Friday, November 6 report.
According to Zacks Investment Research, “Huntington Ingalls Industries (HII) designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. The company also develops and produces warships, including destroyers, amphibious transport dock ships, and national security cutters for the surface Navy fleet, U.S. Coast Guard, U.S. Marine Corps, and foreign and commercial customers. Additionally, the company provides complex nuclear project management; safe management and handling of radiological materials and waste; and nuclear facility construction, commissioning, operations, and D&D services. Huntington Ingalls Industries (HII) is based in Newport News, Virginia.”
Insitutional Activity: The institutional sentiment increased to 1.21 in Q2 2016. Its up 0.08, from 1.13 in 2016Q1. The ratio increased, as 24 funds sold all Huntington Ingalls Industries Inc shares owned while 124 reduced positions. 50 funds bought stakes while 117 increased positions. They now own 40.64 million shares or 11.56% less from 45.96 million shares in 2016Q1.
Jane Street Grp Limited last reported 4,498 shares in the company. Td Capital Management Limited Liability last reported 0% of its portfolio in the stock. Bessemer owns 333 shares or 0% of their US portfolio. Gerstein Fisher holds 36,773 shares or 0.81% of its portfolio. The Texas-based Smith Asset Mgmt Gp L P has invested 1.59% in Huntington Ingalls Industries Inc (NYSE:HII). Twin Tree Lp accumulated 11,525 shares or 0.03% of the stock. Agf Investments America has invested 0.37% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII). Retirement Of Alabama, a Alabama-based fund reported 60,657 shares. Landscape Cap Mgmt Ltd Liability Com accumulated 0.07% or 3,000 shares. Voya Mgmt Limited Liability owns 67,744 shares or 0.03% of their US portfolio. Wealthtrust holds 154 shares or 0.02% of its portfolio. Martingale Asset Management Limited Partnership last reported 219,997 shares in the company. Tower Research Capital Limited Company (Trc) accumulated 0.02% or 1,535 shares. Prudential has 723,746 shares for 0.2% of their US portfolio. Shelton Mgmt accumulated 4,626 shares or 0.07% of the stock.
Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 5 insider sales for $807,466 net activity. Wyatt D R sold $117,690 worth of stock or 681 shares. On Friday, July 1 Dickseski Jerri F sold $127,005 worth of the stock or 750 shares. Another trade for 2,000 shares valued at $331,790 was made by Kastner Christopher D on Wednesday, November 9.
More recent Huntington Ingalls Industries Inc (NYSE:HII) news were published by: Forbes.com which released: “RSI Alert: Huntington Ingalls Industries Now Oversold” on September 14, 2016. Also Fool.com published the news titled: “Better Buy: Huntington Ingalls Industries vs. Northrop Grumman” on June 03, 2016. Fool.com‘s news article titled: “Better Buy: Huntington Ingalls Industries, Inc. vs. L-3 Communications” with publication date: July 22, 2016 was also an interesting one.
HII Company Profile
Huntington Ingalls Industries, Inc. (HII), incorporated on August 4, 2010, designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Firm is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard. The Firm operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary, which is organized into two divisions: Ingalls Shipbuilding (Ingalls), which includes non-nuclear ship design, construction, repair and maintenance businesses, and Newport News Shipbuilding (Newport News), which includes the nuclear ship design, construction, overhaul, refueling, and repair and maintenance businesses. The Firm creates and manufactures nuclear-powered submarines for the United States Navy and manufactures the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Firm provides refueling and complex overhaul services for nuclear-powered aircraft carriers. It is also a full-service systems well-known provider for the design, engineering, construction and life cycle support of programs for surface ships, and a well-known provider of fleet support and maintenance services for the United States Navy. The Firm conducts all of its business with the United States Government, principally the Department of Defense (DoD). The Firm provides a range of services to the energy, and gas and oil industries, as well as government customers.
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