Brokers Issue Forecasts for Huntington Ingalls Industries Inc’s Q3 2019 Earnings (NYSE:HII)

Huntington Ingalls Industries Inc (NYSE:HII) – Research analysts at Seaport Global Securities lifted their Q3 2019 earnings per share (EPS) estimates for Huntington Ingalls Industries in a report released on Monday, August 5th, according to Zacks Investment Research. Seaport Global Securities analyst J. Sullivan now expects that the aerospace company will post earnings of $4.08 per share for the quarter, up from their prior estimate of $4.06. Seaport Global Securities also issued estimates for Huntington Ingalls Industries’ Q4 2019 earnings at $4.08 EPS and FY2019 earnings at $14.07 EPS.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.49). The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.40 earnings per share.

Several other research analysts also recently commented on the company. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Buckingham Research reduced their price objective on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Finally, Bank of America reduced their price objective on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $240.10.

Shares of HII traded up $3.46 on Wednesday, hitting $207.27. The company’s stock had a trading volume of 181,696 shares, compared to its average volume of 328,975. The company has a market capitalization of $8.50 billion, a PE ratio of 10.86 and a beta of 1.18. The company has a debt-to-equity ratio of 1.15, a current ratio of 1.12 and a quick ratio of 1.05. Huntington Ingalls Industries has a fifty-two week low of $173.80 and a fifty-two week high of $262.32. The company has a 50 day moving average price of $217.87 and a 200 day moving average price of $214.59.

A number of institutional investors have recently made changes to their positions in HII. Piedmont Investment Advisors Inc. grew its holdings in shares of Huntington Ingalls Industries by 1.7% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock worth $689,000 after purchasing an additional 55 shares during the last quarter. Oppenheimer Asset Management Inc. raised its stake in Huntington Ingalls Industries by 0.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,483 shares of the aerospace company’s stock valued at $1,342,000 after acquiring an additional 59 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in Huntington Ingalls Industries by 6.0% during the 1st quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock valued at $216,000 after acquiring an additional 59 shares in the last quarter. CSat Investment Advisory L.P. raised its stake in Huntington Ingalls Industries by 34.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 234 shares of the aerospace company’s stock valued at $53,000 after acquiring an additional 60 shares in the last quarter. Finally, Commonwealth Bank of Australia raised its stake in Huntington Ingalls Industries by 1.1% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,647 shares of the aerospace company’s stock valued at $1,265,000 after acquiring an additional 62 shares in the last quarter. 87.66% of the stock is currently owned by institutional investors and hedge funds.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $228.68, for a total value of $428,546.32. Following the sale, the vice president now owns 34,033 shares of the company’s stock, valued at approximately $7,782,666.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.65% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, August 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

Recommended Story: Leveraged Buyout (LBO) Explained

Get a free copy of the Zacks research report on Huntington Ingalls Industries (HII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Huntington Ingalls Industries (NYSE:HII)

Receive News & Ratings for Huntington Ingalls Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries and related companies with MarketBeat.com's FREE daily email newsletter.