Research Analysts Offer Predictions for HII FY2024 Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII) – Analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of Huntington Ingalls Industries in a research report issued on Tuesday, December 10th. Zacks Research analyst R. Department now expects that the aerospace company will earn $13.98 per share for the year, down from their previous forecast of $14.54. 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’ 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) last released its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis.

Other equities analysts have also issued research reports about the company. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft cut their target price on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. TD Cowen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target for the company. in a report on Friday, November 1st. JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Finally, Bank of America reduced 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 research report on Wednesday, November 13th. 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, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $228.89.

Huntington Ingalls Industries Trading Up 0.7 %

Shares of NYSE:HII opened at $192.14 on Thursday. The company has a market cap of $7.52 billion, a PE ratio of 10.85, a P/E/G ratio of 1.86 and a beta of 0.55. The company’s 50 day moving average is $217.57 and its two-hundred day moving average is $245.37. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kathleen S. Wright Associates Inc. purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth $29,000. Family Firm Inc. acquired a new stake in Huntington Ingalls Industries in the second quarter valued at $35,000. Rothschild Investment LLC purchased a new stake in shares of Huntington Ingalls Industries during the 2nd quarter worth $37,000. ORG Partners LLC grew its stake in shares of Huntington Ingalls Industries by 484.6% during 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 during the period. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at about $40,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now owns 19,627 shares in the company, valued at approximately $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 accessible through this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a dividend of $1.35 per share. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.81%. The ex-dividend date was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

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.