Zacks Research Issues Negative Forecast for HII Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII) – Stock analysts at Zacks Research reduced their Q4 2024 earnings per share estimates for Huntington Ingalls Industries in a report issued on Tuesday, December 10th. Zacks Research analyst R. Department now expects that the aerospace company will earn $3.17 per share for the quarter, down from their previous estimate 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.

Other research analysts have also recently issued reports about the stock. Alembic Global Advisors cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective on the stock. in a research report on Friday, November 1st. Bank of America cut their target price 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. StockNews.com cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Two research 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’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has an average rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $192.14 on Friday. The business has a 50-day simple moving average of $217.57 and a 200 day simple moving average of $245.32. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 10.85, a PEG ratio of 1.86 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly 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 return on equity of 16.89% and a net margin of 5.99%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business earned $3.70 earnings per share. Huntington Ingalls Industries’s revenue was down 2.4% on a year-over-year basis.

Institutional Trading of Huntington Ingalls Industries

A number of large investors have recently made changes to their positions in the business. FMR LLC lifted its stake in shares of Huntington Ingalls Industries by 5.6% in the 3rd quarter. FMR LLC now owns 3,519,111 shares of the aerospace company’s stock valued at $930,383,000 after purchasing an additional 187,411 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Huntington Ingalls Industries by 94.5% during the third quarter. Van ECK Associates Corp now owns 1,778,210 shares of the aerospace company’s stock valued at $455,222,000 after buying an additional 863,800 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Huntington Ingalls Industries by 0.5% in the third quarter. Geode Capital Management LLC now owns 1,018,812 shares of the aerospace company’s stock worth $268,520,000 after buying an additional 5,036 shares during the period. AQR Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 41.6% during the second quarter. AQR Capital Management LLC now owns 732,587 shares of the aerospace company’s stock valued at $180,458,000 after purchasing an additional 215,362 shares during the period. Finally, Earnest Partners LLC boosted its holdings in shares of Huntington Ingalls Industries by 1.9% in the second quarter. Earnest Partners LLC now owns 638,680 shares of the aerospace company’s stock valued at $157,326,000 after purchasing an additional 11,693 shares during the period. 90.46% of the stock is currently owned by institutional investors.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the firm’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 transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $1.35 dividend. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.81%. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. Huntington Ingalls Industries’s payout ratio 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.