Huntington Ingalls Receives a Buy from Cowen & Co.

By Ryan Adsit

In a report released today, Gautam Khanna from Cowen & Co. maintained a Buy rating on Huntington Ingalls (NYSE: HII), with a price target of $275. The company’s shares closed yesterday at $241.40.

According to, Khanna is a 5-star analyst with an average return of 14.3% and a 78.0% success rate. Khanna covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Transdigm Group Inc, and B/E Aerospace.

Huntington Ingalls has an analyst consensus of Moderate Buy, with a price target consensus of $275.

Based on Huntington Ingalls’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.86 billion and quarterly net profit of $149 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $197 million.

Based on the recent corporate insider activity of 107 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.

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