The stock of Huntington Ingalls Industries Inc (NYSE:HII) reached all time high today, Nov, 24 and still has $193.71 target or 9.00% above today’s $177.72 share price. This indicates more upside for the $8.37 billion company. This technical setup was reported by Barchart.com. If the $193.71 PT is reached, the company will be worth $753.30 million 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. The stock decreased 0.67% or $1.2 on November 23, hitting $177.72. About 619,001 shares traded hands or 52.97% up from the average. Huntington Ingalls Industries Inc (NYSE:HII) has risen 23.25% since April 22, 2016 and is uptrending. It has outperformed by 17.84% the S&P500.
Analysts await Huntington Ingalls Industries Inc (NYSE:HII) to report earnings on February, 16. They expect $2.51 earnings per share, up 12.05% or $0.27 from last year’s $2.24 per share. HII’s profit will be $118.21M for 17.70 P/E if the $2.51 EPS becomes a reality. After $2.27 actual earnings per share 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. The firm earned “Neutral” rating on Monday, January 18 by Credit Suisse. The rating was initiated by Cowen & Co on Thursday, October 1 with “Market Perform”. The firm earned “Buy” rating on Monday, July 11 by Deutsche Bank. The firm earned “Sell” rating on Tuesday, May 24 by Stifel Nicolaus. The stock of Huntington Ingalls Industries Inc (NYSE:HII) has “Neutral” rating given on Friday, January 15 by Credit Suisse. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, September 20. Guggenheim initiated it with “Buy” rating and $145 target price in Wednesday, January 20 report. As per Friday, November 6, the company rating was upgraded by Wells Fargo. Wells Fargo downgraded the stock to “Market Perform” rating in Friday, August 5 report. The rating was maintained by Citigroup with “Buy” on Wednesday, September 7.
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 2016 Q2. 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.
Artemis Invest Mgmt Limited Liability Partnership holds 141,200 shares or 0.39% of its portfolio. Syntal Partners Lc reported 1,404 shares or 0.28% of all its holdings. Moreover, Dubuque Financial Bank And Co has 0.01% invested in Huntington Ingalls Industries Inc (NYSE:HII) for 273 shares. Babson Cap Llc owns 22,130 shares or 0.1% of their US portfolio. M&T Comml Bank last reported 0.01% of its portfolio in the stock. Geneva Advsr Ltd Liability Co has 0.02% invested in the company for 7,330 shares. Ubs Asset Management Americas Inc holds 0.01% or 49,601 shares in its portfolio. Invesco holds 469,403 shares or 0.03% of its portfolio. Cupps Capital Mngmt Limited Liability Company, a Illinois-based fund reported 5,820 shares. The Ontario – Canada-based Barometer has invested 0.8% in Huntington Ingalls Industries Inc (NYSE:HII). Wells Fargo & Mn accumulated 0.05% or 692,989 shares. Moreover, State Board Of Administration Of Florida Retirement has 0.04% invested in Huntington Ingalls Industries Inc (NYSE:HII) for 68,880 shares. Wright Invsts Ser last reported 1.04% of its portfolio in the stock. Concert Wealth Management Inc accumulated 1,915 shares or 0.04% of the stock. Cap Fund Sa has invested 0.02% of its portfolio in Huntington Ingalls Industries Inc (NYSE:HII).
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 5 insider sales for $807,466 net activity. The insider Dickseski Jerri F sold 750 shares worth $127,005. $331,790 worth of shares were sold by Kastner Christopher D on Wednesday, November 9. 681 shares were sold by Wyatt D R, worth $117,690 on Friday, November 11.
More important recent Huntington Ingalls Industries Inc (NYSE:HII) news were published by: Nasdaq.com which released: “Huntington Ingalls Industries, Inc. (HII) Ex-Dividend Date Scheduled for …” on November 21, 2016, also Fool.com published article titled: “Better Buy: Huntington Ingalls Industries vs. Northrop Grumman”, Fool.com published: “Better Buy: Huntington Ingalls Industries, Inc. vs. L-3 Communications” on July 22, 2016. More interesting news about Huntington Ingalls Industries Inc (NYSE:HII) was released by: Forbes.com and their article: “RSI Alert: Huntington Ingalls Industries Now Oversold” with publication date: September 14, 2016.
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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