Q1 2024 EPS Estimates for Huntington Ingalls Industries, Inc. (NYSE:HII) Reduced by Analyst

Huntington Ingalls Industries, Inc. (NYSE:HII) – Stock analysts at Zacks Research cut their Q1 2024 earnings estimates for shares of Huntington Ingalls Industries in a research note issued to investors on Friday, April 26th. Zacks Research analyst R. Department now expects that the aerospace company will post earnings per share of $3.51 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 research analysts also recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Barclays lifted their price objective 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 Trading Up 0.4 %

NYSE HII opened at $276.97 on Monday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 16.20, a price-to-earnings-growth ratio of 2.61 and a beta of 0.60. The company’s 50-day simple moving average is $285.45 and its two-hundred day simple moving average is $260.34. Huntington Ingalls Industries has a one year low of $188.51 and a one year high of $299.50.

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

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s payout ratio is currently 30.41%.

Insider Transactions at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $272.31, for a total value of $592,546.56. Following the completion of the sale, the vice president now directly owns 6,877 shares in the company, valued at approximately $1,872,675.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the completion of the sale, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at $655,380. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock valued at $2,398,345 in the last 90 days. Insiders own 0.72% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Several institutional investors and hedge funds have recently bought and sold shares of HII. Quantbot Technologies LP acquired a new stake in Huntington Ingalls Industries during the 3rd quarter valued at approximately $25,000. Cranbrook Wealth Management LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC acquired a new stake in Huntington Ingalls Industries during the 4th quarter valued at approximately $30,000. American National Bank acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. Finally, Riverview Trust Co acquired a new stake in Huntington Ingalls Industries during the 1st quarter valued at approximately $30,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

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.