Huntington Ingalls Industries Inc (HII) was Reiterated by Barclays to “Underweight” according to the research note released today. The brokerage firm has raised the Price Target to $ 135 from a previous price target of $125 . Barclays advised their investors in a research report released on May 9, 2016.
On the company’s financial health, Huntington Ingalls Industries Inc reported $2.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on May 5, 2016. Analyst had a consensus of $2.12. The company had revenue of $1763.00 million for the quarter, compared to analysts expectations of $1594.61 million. The company’s revenue was up 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.42 EPS.
Huntington Ingalls Industries Inc opened for trading at $151.98 and hit $156.82 on the upside on Friday, eventually ending the session at $155.2, with a gain of 2.69% or 4.07 points. The heightened volatility saw the trading volume jump to 7,24,469 shares. Company has a market cap of $7,298 M.
In a different news, on Apr 5, 2016, Jerri F Dickseski (Corp. VP, Communications) sold 750 shares at $136.00 per share price. According to the SEC, on Jan 11, 2016, Barbara A Niland (Corp VP and CFO) sold 20,261 shares at $130.00 per share price. On Nov 23, 2015, D R Wyatt (Corp VP & Treasurer) sold 800 shares at $134.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Huntington Ingalls Industries Inc. (HII) designs builds overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer builder and refueler of nuclear powered aircraft carriers the builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters for the United States Coast Guard. The Company designs and builds nuclear-powered submarines for the United States Navy and builds the Navy’s fleet of DDG51 Arleigh Burke-class destroyers. The Company operates its shipbuilding business through Huntington Ingalls Incorporated subsidiary which is organized into two segments: 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.