Cowen & Co. Sticks to Their Buy Rating for Huntington Ingalls (HII)

By Austin Angelo

In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Huntington Ingalls (NYSE: HII), with a price target of $260. The company’s shares closed yesterday at $236.65.

According to TipRanks.com, Khanna is a 5-star analyst with an average return of 14.1% and a 78.9% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Transdigm Group Inc, Vista Outdoor, and ManTech.

Currently, the analyst consensus on Huntington Ingalls is a Strong Buy with an average price target of $254.67.

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Huntington Ingalls’ market cap is currently $10.29B and has a P/E ratio of 17.45. The company has a Price to Book ratio of 6.06.

Based on the recent corporate insider activity of 139 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HII in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Huntington Ingalls Industries, Inc. engages in the shipbuilding business. It operates through the following segments: Ingalls, Newport News, and Technical Solutions. The Ingalls segment develops and constructs non-nuclear ships, assault ships, and surface combatants.