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HII $291.47

HII target price
291.47
0
315
Huntington Ingalls Industries, Inc.
Type
Public
Traded as NYSE: HII
S&P 400 Component
Industry Defense, Shipbuilding
Predecessor Northrop Grumman Shipbuilding
Founded March 31, 2011; 6 years ago (2011-03-31)
Founder Named after Collis Potter Huntington and Robert Ingersoll Ingalls, Sr.
Headquarters Newport News, Virginia, U.S.
Area served
Worldwide
Key people
Thomas B. Fargo (Chairman)
C. Michael Petters (President and CEO)
Revenue US$ 7.02 billion (2015)
Net income
US$ 404 million (2015)
Number of employees
<37,000
Divisions Newport News Shipbuilding
Ingalls Shipbuilding
Website www.huntingtoningalls.com

Huntington Ingalls Industries (HII) is an American Fortune 500 shipbuilding company formed on March 31, 2011 as a spin-off of Northrop Grumman.

Mike Petters is currently the president and CEO of Huntington Ingalls Industries (formerly president of the Newport News shipyard and president of the Northrop Grumman Shipbuilding).

HII is the sole designer, builder, and refueler of nuclear-powered aircraft carriers in the United States. It is one of two nuclear-powered submarine builders (the other being General Dynamics Electric Boat). 70% of the current, active US Navy fleet has been built by HII's erstwhile units.

Huntington Ingalls Industries was formerly known as Northrop Grumman Shipbuilding (NGSB), created on January 28, 2008 by the merger of Northrop Grumman's two shipbuilding sectors, Northrop Grumman Ship Systems and Northrop Grumman Newport News. The company takes its name from the founders of its two main facilities: Collis Potter Huntington (Newport News) and Robert Ingalls (Pascagoula).

HII operates facilities in several key locations across the US:

HII's 2016 order backlog amounts to $20.5 billion.

HII is to build ten Gerald R. Ford-class aircraft carriers for the US Navy. It is scheduled to deliver one carrier every five years starting in 2015.

The US Navy awarded HII a $2.4 billion fixed-price incentive contract for the detail design and construction of the amphibious assault ship America (LHA-6), the lead ship of her class. Work will be performed primarily at the company's shipyard in Pascagoula, Miss., and ship delivery is scheduled for 2012.

In June, 2016 Huntington Ingalls Industries has been awarded a $273 million contract to build the U.S. Navy’s newest amphibious assault warship, according to a company press release. The total contract value for the construction of the third America-class ship is over $3 billion. This contract included planning, advanced engineering and procurement of long-lead material for the new vessel.

In April 2011, the US Navy awarded HII a $1.5 billion contract for the construction of John P. Murtha (LPD-26), the tenth of the San Antonio-class amphibious transport docks. This was the first Navy contract awarded to HII, though Ingalls Shipbuilding had already built three ships of the class.

The US Navy is building Virginia-class submarines as replacements for the Los Angeles-class submarines which are currently being phased out.

HII, under an industrial arrangement with General Dynamics Electric Boat (the only other shipyard capable of building nuclear-powered submarines), solely builds the stern, habitability and machinery spaces, torpedo room, sail and bow, while Electric Boat solely builds the engine room and control room. HII and Electric Boat alternate work on the reactor plant, final assembly, test, outfit and delivery.

In 2014 The Government Accountability Office denied a contract appeal by Ingalls for the US Coast Guard's Offshore Patrol Cutter program, finding that the USCG's ranking of the shipyard to be marginal was justified.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2023-02-09 Future report Set alerts
Q3 2022 2022-11-03 3.44 3.44
Q2 2022 2022-08-04 4.44 4.44
Q1 2022 2022-05-05 3.50 3.50
Q4 2021 2022-02-10 2.99 2.99
Q3 2021 2021-11-04 3.65 3.65
Q2 2021 2021-08-05 3.20 3.20
Q1 2021 2021-05-06 3.68 3.68
Q4 2020 2021-02-11 6.15 6.15
Q3 2020 2020-11-05 5.45 5.45

Ratings

2016-07-11 Reiterated Rating Deutsche Bank AG Buy $167.00 to $190.00
2016-05-24 Downgrade Stifel Nicolaus Hold to Sell $135.00
2016-05-09 Boost Price Target Barclays Underweight $125.00 to $135.00
2016-05-09 Boost Price Target Barclays PLC Underweight $125.00 to $135.00
2016-04-12 Boost Price Target Goldman Sachs Neutral $139.00 to $148.00
2016-04-12 Boost Price Target Goldman Sachs Group Inc. Neutral $139.00 to $148.00
2016-02-26 Boost Price Target Goldman Sachs $131.00 to $139.00
2016-02-19 Boost Price Target Credit Suisse Neutral $130.00 to $133.00
2016-02-19 Boost Price Target Credit Suisse Group AG Neutral $130.00 to $133.00
2016-01-20 Initiated Coverage Guggenheim Buy $145.00
2016-01-15 Upgrade Credit Suisse Underperform to Neutral $115.00 to $130.00
2016-01-08 Upgrade Cowen and Company Market Perform to Outperform $150.00
2015-11-11 Boost Price Target Cowen and Company $135.00
2015-11-10 Reiterated Rating Cowen and Company Hold $126.00 to $135.00
2015-11-09 Reiterated Rating Barclays Sell $118.00 to $125.00
2015-11-06 Boost Price Target Credit Suisse Underperform $115.00
2015-11-06 Reiterated Rating Deutsche Bank Buy $150.00 to $157.00
2015-11-06 Upgrade Wells Fargo Market Perform to Outperform
2015-11-06 Reiterated Rating Deutsche Bank AG Buy $150.00 to $157.00
2015-11-06 Upgrade Wells Fargo & Co. Market Perform to Outperform
2015-10-31 Reiterated Rating Cowen and Company Hold
2015-10-30 Boost Price Target Cowen and Company $117.00 to $126.00
2015-10-01 Initiated Coverage Cowen and Company Market Perform $117.00
2015-09-10 Reiterated Rating Deutsche Bank Buy
2015-08-10 Reiterated Rating Deutsche Bank Buy $150.00
2015-08-07 Reiterated Rating Credit Suisse Underperform $116.00 to $110.00
2015-05-19 Downgrade Bank of America Buy to Neutral $150.00 to $135.00
2015-05-19 Downgrade Bank of America Corp. Buy to Neutral $150.00 to $135.00
2015-05-11 Reiterated Rating Citigroup Inc. Buy $162.00 to $152.00
2015-05-08 Lower Price Target Deutsche Bank Buy $157.00 to $150.00
2015-05-08 Lower Price Target Barclays Underweight $121.00 to $118.00
2015-05-08 Downgrade Sanford C. Bernstein Outperform to Market Perform $158.00 to $142.00
2015-04-15 Boost Price Target Citigroup Inc. Buy $150.00 to $162.00
2015-03-19 Boost Price Target Deutsche Bank Buy $137.00 to $157.00
2015-02-26 Boost Price Target Barclays Underweight $104.00 to $121.00
2015-02-24 Downgrade Credit Suisse Neutral to Underperform $106.00 to $127.00
2015-02-20 Boost Price Target Bank of America $150.00
2015-01-14 Initiated Coverage Stifel Nicolaus Hold
2015-01-06 Upgrade Bank of America Neutral to Buy $110.00 to $130.00
2015-01-05 Boost Price Target Deutsche Bank Buy $125.00 to $137.00
2014-12-19 Boost Price Target Citigroup Inc. Buy $141.00 to $150.00
2014-12-12 Reiterated Rating Deutsche Bank Buy
2014-11-14 Reiterated Rating Deutsche Bank Buy $125.00
2014-08-11 Upgrade UBS Neutral to Buy $109
2014-08-11 Lower Price Target Barclays Underweight $106.00 to $101.00
2014-08-08 Reiterated Rating Credit Suisse Neutral $108.00 to $106.00
2014-05-15 Downgrade Bank of America Buy to Neutral $102.00 to $106.00
2014-05-09 Reiterated Rating JPMorgan Chase & Co. Hold $108.00 to $113.00
2014-04-09 Boost Price Target Citigroup Inc. Buy $121.00 to $141.00
2014-04-07 Boost Price Target Deutsche Bank $112.00 to $115.00
2014-03-17 Lower Price Target Barclays Equal Weight to Underweight $110.00 to $106.00
2014-03-05 Initiated Coverage Morgan Stanley Equal Weight $110.00
2014-03-04 Boost Price Target Credit Suisse Neutral $81.00 to $104.00
2014-03-03 Boost Price Target Deutsche Bank Buy $100.00 to $112.00
2014-02-28 Boost Price Target Barclays Equal Weight $85.00 to $110.00
2014-02-27 Boost Price Target JPMorgan Chase & Co. $102.00 to $108.00
2014-01-07 Upgrade Bank of America Underperform to Buy $64.00 to $102.00
2013-12-20 Boost Price Target Sanford C. Bernstein $92.00 to $108.00
2013-12-17 Upgrade Deutsche Bank Hold to Buy $100.00
2013-11-14 Boost Price Target Barclays Equal Weight $70.00 to $85.00
2013-11-08 Reiterated Rating Deutsche Bank Hold $78.00 to $66.00
2013-10-17 Reiterated Rating Deutsche Bank Hold $66.00
2013-10-14 Boost Price Target Barclays Equal Weight $64.00 to $70.00
2013-10-09 Boost Price Target Deutsche Bank Hold $60.00 to $66.00
2013-03-21 Reiterated UBS Neutral $47 to $55
2016-07-11 Reiterated Rating Deutsche Bank AG Buy $167.00 to $190.00
2016-05-24 Downgrade Stifel Nicolaus Hold to Sell $135.00
2016-05-09 Boost Price Target Barclays Underweight $125.00 to $135.00
2016-05-09 Boost Price Target Barclays PLC Underweight $125.00 to $135.00
2016-04-12 Boost Price Target Goldman Sachs Neutral $139.00 to $148.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
PETTERS C MICHAEL President & CEO 1.07%  (518150) HII /
MULHERIN MATTHEW J Corp VP, President Newport New 0.23%  (113813) HII /
Cuccias Brian J. Vice President, Programs 0.11%  (51684) HII /
Waldman Mitchell B Corp VP-Govt & Cust Relations 0.10%  (49901) HII /
Fontaine Douglass II Corp. VP, CAO & Controller 0.10%  (48623) HII /
NILAND BARBARA A Corp VP and CFO 0.10%  (47973) BWC / HII /
Kastner Christopher D Corp VP, Corporate Development 0.09%  (42328) HII /
Dickseski Jerri F Corp. VP, Communications 0.07%  (35425) HII /
ERMATINGER WILLIAM R Corp. VP, Chief HR Officer 0.07%  (33609) HII /
EDENZON IRWIN F Corp. VP & President - Ingalls 0.07%  (31649) HII /
HAWTHORNE BRUCE Corp VP General Counsel & Sec 0.06%  (30802) HII /
Wyatt D R Corp VP & Treasurer 0.04%  (21169) HII /
Stabler D. Scott II Ex VP Chief Transformation Off 0.04%  (20775) HII /
SCHIEVELBEIN THOMAS C 0.03%  (15856) BCO / HII / MDR /
Bruner Robert F 0.03%  (14423) HII /
Davis Artur G. 0.03%  (12947) HII /
WALKER KELLYE L Corp. VP and General Counsel 0.02%  (8226) AWK / HII /
Green Edgar A III Ex VP, Pres. HII Technical Sol 0.01%  (5564) HII /
Boykin Jennifer R. Vice President, Engineering 0.01%  (5443) HII /