Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) - Melius Research cut their Q4 2024 EPS estimates for Huntington Ingalls Industries in a research note issued to investors on Tuesday, August 6th. Melius Research analyst R. Spingarn now expects that the aerospace company will post earnings of $4.63 per share for the quarter, down from their previous forecast of $4.76. The consensus estimate for Huntington Ingalls Industries' current full-year earnings is $16.32 per share.
Several other equities analysts have also commented on HII. Citigroup initiated coverage on shares of Huntington Ingalls Industries in a research report on Monday, May 20th. They set a "buy" rating and a $310.00 price target for the company. StockNews.com lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $278.00.
Check Out Our Latest Report on Huntington Ingalls Industries
Huntington Ingalls Industries Stock Performance
Shares of Huntington Ingalls Industries stock traded up $3.12 during trading on Thursday, hitting $256.56. 200,859 shares of the stock were exchanged, compared to its average volume of 304,293. The stock's fifty day moving average is $254.40 and its 200 day moving average is $267.06. The stock has a market cap of $10.12 billion, a PE ratio of 14.46, a P/E/G ratio of 2.28 and a beta of 0.53. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.89 and a current ratio of 0.82. Huntington Ingalls Industries has a 12 month low of $199.11 and a 12 month high of $299.50.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping the consensus estimate of $3.61 by $0.77. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The company's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.27 earnings per share.
Institutional Trading of Huntington Ingalls Industries
A number of hedge funds have recently bought and sold shares of HII. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 5,658.6% in the fourth quarter. Van ECK Associates Corp now owns 684,235 shares of the aerospace company's stock worth $177,655,000 after buying an additional 672,353 shares during the period. American Century Companies Inc. boosted its holdings in shares of Huntington Ingalls Industries by 42.1% in the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company's stock worth $116,706,000 after buying an additional 140,338 shares during the period. TD Asset Management Inc boosted its holdings in shares of Huntington Ingalls Industries by 745.3% in the fourth quarter. TD Asset Management Inc now owns 100,569 shares of the aerospace company's stock worth $26,112,000 after buying an additional 88,671 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of Huntington Ingalls Industries by 564.2% in the first quarter. Canada Pension Plan Investment Board now owns 98,300 shares of the aerospace company's stock worth $28,652,000 after buying an additional 83,500 shares during the period. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Huntington Ingalls Industries by 48.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 250,469 shares of the aerospace company's stock worth $65,032,000 after buying an additional 82,028 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Huntington Ingalls Industries
In related news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares in the company, valued at approximately $3,014,530.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the company's stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now directly owns 11,961 shares of the company's stock, valued at approximately $3,014,530.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the company's stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $256.07, for a total transaction of $384,105.00. Following the completion of the sale, the vice president now directly owns 8,135 shares of the company's stock, valued at $2,083,129.45. The disclosure for this sale can be found here. 0.72% of the stock is currently owned by insiders.
Huntington Ingalls Industries Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a $1.30 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.03%. Huntington Ingalls Industries's dividend payout ratio is presently 29.31%.
About Huntington Ingalls Industries
(Get Free Report)
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.
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