Zacks Research Issues Negative Forecast for HII Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Equities researchers at Zacks Research lowered their Q4 2024 earnings estimates for shares of Huntington Ingalls Industries in a research note issued on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the aerospace company will earn $3.17 per share for the quarter, down from their prior forecast of $3.73. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $14.01 per share. Zacks Research also issued estimates for Huntington Ingalls Industries' Q1 2025 earnings at $3.18 EPS, Q3 2025 earnings at $3.60 EPS, FY2025 earnings at $14.83 EPS, Q1 2026 earnings at $3.96 EPS and FY2026 earnings at $17.32 EPS.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.75 billion for the quarter, compared to analysts' expectations of $2.87 billion. During the same period last year, the business posted $3.70 EPS. The company's revenue for the quarter was down 2.4% on a year-over-year basis.

HII has been the topic of a number of other reports. Wolfe Research downgraded Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Bank of America cut their target price on Huntington Ingalls Industries from $250.00 to $195.00 and set an "underperform" rating on the stock in a research note on Wednesday, November 13th. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating on the stock in a report on Friday, November 1st. Finally, Vertical Research cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 target price for the company. in a research report on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $228.89.

Huntington Ingalls Industries Stock Up 0.7 %

NYSE:HII traded up $1.28 during trading hours on Friday, reaching $192.13. The company's stock had a trading volume of 172,982 shares, compared to its average volume of 353,757. The stock has a 50 day moving average price of $218.90 and a two-hundred day moving average price of $245.82. 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 company has a market capitalization of $7.52 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a $1.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Huntington Ingalls Industries's previous quarterly dividend of $1.30. Huntington Ingalls Industries's dividend payout ratio (DPR) is currently 30.49%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 400 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.72% of the company's stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Institutional investors have recently bought and sold shares of the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $29,000. Family Firm Inc. acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $35,000. Rothschild Investment LLC acquired a new position in Huntington Ingalls Industries in the second quarter valued at approximately $37,000. ORG Partners LLC boosted its position in 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 purchasing an additional 126 shares in the last quarter. Finally, Northwest Investment Counselors LLC purchased a new stake in Huntington Ingalls Industries during the third quarter worth $40,000. 90.46% of the stock is owned by hedge funds and other 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.