Analysts Offer Predictions for HII FY2030 Earnings

Key Points

• Wolfe Research forecasts FY2030 EPS of $28.20 for Huntington Ingalls Industries, compared with the current full-year consensus estimate of $17.31. The firm maintains an “Outperform” rating and a $364 price target.
• HII’s latest quarterly results exceeded expectations, with EPS of $5.27 versus the $3.79 consensus and revenue of $3.42 billion versus $3.15 billion; revenue increased 10.9% year over year.
• Analyst sentiment remains mixed: five analysts rate HII a Buy and six rate it a Hold, producing a consensus “Hold” rating and average price target of $378.88. The company also declared a quarterly dividend of $1.38, equal to a 1.7% annualized yield.

Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Equities research analysts at Wolfe Research issued their FY2030 earnings per share (EPS) estimates for Huntington Ingalls Industries in a research report issued to clients and investors on Friday, July 31st. Wolfe Research analyst M. Walton forecasts that the aerospace company will post earnings per share of $28.20 for the year. Wolfe Research currently has a "Outperform" rating and a $364.00 target price on the stock. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $17.31 per share.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 EPS for the quarter, beating analysts' consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the business posted $3.86 earnings per share. Huntington Ingalls Industries's revenue for the quarter was up 10.9% on a year-over-year basis.

A number of other analysts have also issued reports on the stock. Citigroup lifted their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wells Fargo & Company upped their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a research note on Tuesday. Wall Street Zen lowered Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Monday, May 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Huntington Ingalls Industries in a research report on Monday. Finally, TD Cowen reduced their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of "Hold" and an average price target of $378.88.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $316.78 on Thursday. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 18.88, a PEG ratio of 1.38 and a beta of 0.24. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The business's 50 day moving average is $291.05 and its two-hundred day moving average is $356.88. Huntington Ingalls Industries has a 52-week low of $259.00 and a 52-week high of $460.00.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 32.90%.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several large investors have recently made changes to their positions in HII. M&T Bank Corp lifted its stake in shares of Huntington Ingalls Industries by 205.8% in the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company's stock worth $13,613,000 after buying an additional 26,940 shares during the last quarter. Chase Investment Counsel Corp bought a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at about $4,634,000. Builder Investment Group Inc. ADV acquired a new stake in Huntington Ingalls Industries during the fourth quarter worth about $6,815,000. Goldman Sachs Group Inc. increased its stake in Huntington Ingalls Industries by 71.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company's stock valued at $124,384,000 after acquiring an additional 152,624 shares during the period. Finally, Rothschild Investment LLC raised its holdings in Huntington Ingalls Industries by 478.1% in the 4th quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company's stock valued at $1,801,000 after acquiring an additional 4,379 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company's stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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