Research Analysts Set Expectations for HII FY2028 Earnings

Key Points

• Melius Research raised its FY2028 EPS forecast for Huntington Ingalls Industries slightly to $25.90 from $25.85, compared with the broader consensus estimate of $18.47.
• HII recently exceeded quarterly expectations, reporting $5.27 EPS versus the $3.79 consensus and $3.42 billion in revenue, up 10.9% year over year.
• Analyst sentiment remains moderately bullish, with five Buy and five Hold ratings and an average price target of $367.12; shares recently traded near $264.15, while the company maintains a 2.1% dividend yield.

Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Analysts at Melius Research raised their FY2028 earnings estimates for Huntington Ingalls Industries in a note issued to investors on Monday, October 5th. Melius Research analyst S. Mikus now expects that the aerospace company will post earnings of $25.90 per share for the year, up from their previous forecast of $25.85. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $18.47 per share.

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

Several other brokerages have also recently weighed in on HII. Weiss Ratings raised shares of Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 31st. Citigroup increased their price objective on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a "buy" rating in a research report on Friday, July 31st. Wells Fargo & Company raised their price objective on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an "equal weight" rating in a report on Tuesday, August 4th. Sanford C. Bernstein decreased their price objective on shares of Huntington Ingalls Industries from $341.00 to $327.00 and set a "market perform" rating for the company in a research report on Wednesday, September 23rd. Finally, TD Cowen lowered their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating for the company in a research note on Monday, July 13th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of "Moderate Buy" and an average target price of $367.12.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $264.15 on Wednesday. Huntington Ingalls Industries has a one year low of $256.79 and a one year high of $460.00. The company has a market cap of $10.41 billion, a PE ratio of 15.74, a P/E/G ratio of 1.00 and a beta of 0.21. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.14 and a current ratio of 1.23. The business has a 50-day simple moving average of $293.12 and a 200-day simple moving average of $315.87.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were paid a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.1%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio is currently 32.90%.

Insiders Place Their Bets

In related news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction on Monday, August 10th. The shares were sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer directly owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.80% of the company's stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Several hedge funds have recently made changes to their positions in the company. Bangor Savings Bank lifted its holdings in shares of Huntington Ingalls Industries by 2.1% in the 3rd quarter. Bangor Savings Bank now owns 2,902 shares of the aerospace company's stock valued at $775,000 after purchasing an additional 60 shares during the last quarter. Ridgewood Investments LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $258,000. Eastern Bank purchased a new position in Huntington Ingalls Industries during the 3rd quarter worth approximately $26,000. CX Institutional increased its position in Huntington Ingalls Industries by 5.1% during the third quarter. CX Institutional now owns 4,303 shares of the aerospace company's stock worth $1,149,000 after buying an additional 210 shares during the period. Finally, State Street Corp lifted its stake in Huntington Ingalls Industries by 8.4% in the second quarter. State Street Corp now owns 2,922,717 shares of the aerospace company's stock valued at $818,039,000 after buying an additional 227,439 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc NYSE: HII is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.

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