Q1 2024 EPS Estimates for Huntington Ingalls Industries, Inc. (NYSE:HII) Lowered by Zacks Research

Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Investment analysts at Zacks Research decreased their Q1 2024 earnings per share estimates for shares of Huntington Ingalls Industries in a research report issued on Friday, April 26th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings of $3.51 per share for the quarter, down from their prior estimate of $3.59. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $16.34 per share. Zacks Research also issued estimates for Huntington Ingalls Industries' Q2 2024 earnings at $3.87 EPS, Q3 2024 earnings at $4.09 EPS, Q4 2024 earnings at $4.79 EPS, FY2024 earnings at $16.27 EPS and Q4 2025 earnings at $4.84 EPS.

A number of other analysts also recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an "overweight" rating in a research note on Thursday, March 21st. Barclays boosted their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a research report on Tuesday, February 6th.

Huntington Ingalls Industries Price Performance

Shares of HII stock traded up $1.58 during trading hours on Monday, hitting $278.55. The stock had a trading volume of 318,054 shares, compared to its average volume of 299,490. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.95 and a quick ratio of 0.89. The stock has a market capitalization of $11.03 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 2.61 and a beta of 0.60. Huntington Ingalls Industries has a one year low of $188.51 and a one year high of $299.50. The stock's 50-day moving average price is $285.32 and its two-hundred day moving average price is $260.76.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.27 by $2.63. The company had revenue of $3.18 billion during the quarter, compared to analysts' expectations of $2.78 billion. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. Huntington Ingalls Industries's quarterly revenue was up 13.0% on a year-over-year basis. During the same period last year, the company posted $3.07 earnings per share.

Huntington Ingalls Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries's payout ratio is 30.41%.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 900 shares of the firm's stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares in the company, valued at approximately $5,036,479. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP D R. Wyatt sold 900 shares of the firm's stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares of the company's stock, valued at approximately $5,036,479. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of the company's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $291.28, for a total value of $376,625.04. Following the completion of the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,472 shares of company stock worth $2,398,345. 0.72% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Huntington Ingalls Industries

Several hedge funds have recently made changes to their positions in HII. Gulf International Bank UK Ltd lifted its holdings in Huntington Ingalls Industries by 1.3% during the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company's stock worth $957,000 after buying an additional 42 shares during the period. Capital Investment Counsel Inc boosted its position in Huntington Ingalls Industries by 0.5% during the third quarter. Capital Investment Counsel Inc now owns 8,274 shares of the aerospace company's stock valued at $1,693,000 after purchasing an additional 44 shares in the last quarter. Steward Partners Investment Advisory LLC grew its stake in Huntington Ingalls Industries by 5.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 871 shares of the aerospace company's stock valued at $226,000 after purchasing an additional 47 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in Huntington Ingalls Industries by 0.5% in the fourth quarter. Kestra Private Wealth Services LLC now owns 10,418 shares of the aerospace company's stock worth $2,705,000 after purchasing an additional 48 shares in the last quarter. Finally, Wills Financial Group Inc. lifted its position in shares of Huntington Ingalls Industries by 4.6% during the third quarter. Wills Financial Group Inc. now owns 1,135 shares of the aerospace company's stock valued at $232,000 after buying an additional 50 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

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.