Barclays analyst David E. Strauss maintained a Buy rating on Huntington Ingalls (HII – Research Report) on May 25 and set a price target of $230.00. The company’s shares closed yesterday at $201.29.
According to TipRanks, E. Strauss is a 2-star analyst with an average return of 0.3% and a 54.05% success rate. E. Strauss covers the Technology sector, focusing on stocks such as Boeing, General Dynamics, and L3Harris Technologies.
Currently, the analyst consensus on Huntington Ingalls is a Hold with an average price target of $225.33.
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Based on Huntington Ingalls’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.67 billion and a net profit of $129 million. In comparison, last year the company earned a revenue of $2.58 billion and had a net profit of $140 million
Based on the recent corporate insider activity of 152 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HII in relation to earlier this year.
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Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following business segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants. The Newport News segment designs, builds, and maintains nuclear-powered ships which include aircraft carriers and submarines. The Technical Solutions segment provides professional services, including fleet support, integrated missions solutions, nuclear and environmental, and oil and gas services. The company was founded on August 4, 2010 and is headquartered in Newport News, VA.
Read More on HII:
- HII Redelivers USS George Washington (CVN 73) to U.S. Navy
- HII is Awarded Advance Procurement Contract Modification for Virginia-Class Block V Submarines
- HII Completes Acceptance Trials for the Future USS Jack H. Lucas (DDG 125)
- HII’s Newport News Shipbuilding Welcomes High School Seniors to Shipbuilding Careers
- HII’s Ingalls Shipbuilding Hosts Shipbuilder Academy “Signing Day” For High School Seniors
