Zacks Research Has Negative Outlook of HII FY2024 Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Equities research analysts at Zacks Research cut their FY2024 EPS estimates for shares of Huntington Ingalls Industries in a research note issued to investors on Tuesday, December 10th. Zacks Research analyst R. Department now forecasts that the aerospace company will earn $13.98 per share for the year, down from their prior estimate of $14.54. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $14.07 per share. Zacks Research also issued estimates for Huntington Ingalls Industries' Q2 2025 earnings at $3.61 EPS, Q4 2025 earnings at $4.44 EPS, Q2 2026 earnings at $4.30 EPS and Q3 2026 earnings at $4.53 EPS.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the prior year, the firm earned $3.70 earnings per share. The firm's quarterly revenue was down 2.4% compared to the same quarter last year.

A number of other research firms also recently commented on HII. Bank of America decreased their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating for the company in a report on Wednesday, November 13th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a research report on Thursday, October 10th. Vertical Research lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price objective on the stock. in a research note on Thursday, October 10th. TD Cowen downgraded Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Finally, Barclays lowered their target price on Huntington Ingalls Industries from $290.00 to $220.00 and set an "equal weight" rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $228.89.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII traded down $0.63 during trading on Thursday, reaching $190.89. The stock had a trading volume of 511,125 shares, compared to its average volume of 354,564. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market cap of $7.47 billion, a PE ratio of 10.78, a P/E/G ratio of 1.82 and a beta of 0.55. Huntington Ingalls Industries has a one year low of $184.29 and a one year high of $299.50. The firm's 50 day moving average price is $218.90 and its two-hundred day moving average price is $245.82.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be issued a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.83%. This is a positive change from Huntington Ingalls Industries's previous quarterly dividend of $1.30. The ex-dividend date is Friday, November 29th. Huntington Ingalls Industries's dividend payout ratio is 30.49%.

Insider Activity at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares of the company's stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in HII. Kathleen S. Wright Associates Inc. bought a new position in shares of Huntington Ingalls Industries in the third quarter valued at approximately $29,000. Family Firm Inc. bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at $35,000. Rothschild Investment LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter valued at $37,000. ORG Partners LLC raised its stake in shares of Huntington Ingalls Industries by 484.6% in the 2nd quarter. ORG Partners LLC now owns 152 shares of the aerospace company's stock worth $38,000 after buying an additional 126 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Huntington Ingalls Industries in the third quarter valued at $40,000. 90.46% of the stock is currently owned by institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.