Zacks Research Has Negative Estimate for HII Q4 Earnings

Huntington Ingalls Industries, Inc. (NYSE:HII) – Research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Huntington Ingalls Industries in a report issued on Tuesday, December 10th. Zacks Research analyst R. Department now anticipates that the aerospace company will post earnings per share of $3.17 for the quarter, down from their previous 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) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.70 EPS.

Other analysts have also recently issued reports about the company. StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft cut their price objective 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, JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average price target of $228.89.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $190.89 on Friday. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 1.86 and a beta of 0.55. The firm’s fifty day simple moving average is $218.90 and its 200-day simple moving average is $245.82. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month 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 Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HII. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at $29,000. Family Firm Inc. acquired a new position in shares of Huntington Ingalls Industries in the second quarter valued at approximately $35,000. Rothschild Investment LLC purchased a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $37,000. ORG Partners LLC boosted its position in Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock worth $38,000 after acquiring an additional 126 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in Huntington Ingalls Industries in the 3rd quarter valued at $40,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the 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 directly owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, November 29th. 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 2.83%. Huntington Ingalls Industries’s dividend payout ratio is currently 30.49%.

About Huntington Ingalls Industries

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.