BlackRock Inc. Cuts Stake in Huntington Ingalls Industries Inc (HII)

Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 3,885,439 shares of Huntington Ingalls Industries Inc (HII). This represents 9.7% of the company.

In their previous filing dated January 27, 2022 they reported 4,249,995 shares and 10.60% of the company, a decrease in shares of 8.58% and a decrease in total ownership of 0.90% (calculated as current - previous percent ownership).

Analyst Price Forecast Suggests 21.43% Upside

As of January 24, 2023, the average one-year price target for Huntington Ingalls Industries is $264.64. The forecasts range from a low of $182.81 to a high of $330.75. The average price target represents an increase of 21.43% from its latest reported closing price of $217.94.

The projected annual revenue for Huntington Ingalls Industries is $11,038MM, an increase of 4.71%. The projected annual EPS is $15.28, an increase of 6.53%.