What is Zacks Research’s Estimate for HII FY2024 Earnings?

Huntington Ingalls Industries, Inc. (NYSE:HII) – Equities researchers at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for Huntington Ingalls Industries in a research report issued to clients and investors on Tuesday, December 10th. Zacks Research analyst R. Department now forecasts that the aerospace company will post earnings per share of $13.98 for the year, down from their previous forecast of $14.54. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $14.07 per share. Zacks Research also issued estimates for Huntington Ingalls Industries’ Q2 2025 earnings at $3.61 EPS, Q4 2025 earnings at $4.44 EPS, Q2 2026 earnings at $4.30 EPS and Q3 2026 earnings at $4.53 EPS.

Several other analysts have also weighed in on HII. Alembic Global Advisors lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price objective for the company. in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and raised their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of “Hold” and a consensus price target of $228.89.

Huntington Ingalls Industries Stock Down 0.3 %

HII stock opened at $190.89 on Thursday. The business’s 50-day simple moving average is $218.90 and its 200 day simple moving average is $245.82. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The company has a market cap of $7.47 billion, a PE ratio of 10.78, a price-to-earnings-growth ratio of 1.82 and a beta of 0.55.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company posted $3.70 EPS. The business’s revenue was down 2.4% on a year-over-year basis.

Huntington Ingalls Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be paid a $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend is Friday, November 29th. Huntington Ingalls Industries’s payout ratio is currently 30.49%.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

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

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.