What is Zacks Research’s Forecast for HII Q3 Earnings?

by · The Markets Daily

Huntington Ingalls Industries, Inc. (NYSE:HII – Free Report) – Zacks Research upped their Q3 2027 earnings per share (EPS) estimates for Huntington Ingalls Industries in a note issued to investors on Thursday, December 11th. Zacks Research analyst Team now expects that the aerospace company will post earnings of $4.55 per share for the quarter, up from their prior forecast of $4.49. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $13.99 per share.

Huntington Ingalls Industries (NYSE:HII – Get Free Report) last issued its quarterly earnings data on Thursday, October 30th. The aerospace company reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a return on equity of 11.79% and a net margin of 4.74%.The business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the previous year, the firm posted $2.56 earnings per share. The company’s revenue was up 16.1% on a year-over-year basis.

Several other equities research analysts also recently weighed in on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. TD Cowen increased their price objective on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a research note on Monday, November 3rd. Citigroup assumed coverage on Huntington Ingalls Industries in a research report on Friday. They issued a “buy” rating and a $376.00 price target on the stock. Finally, Wall Street Zen upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 29th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $325.75.

View Our Latest Analysis on HII

Huntington Ingalls Industries Stock Up 0.7%

Shares of HII opened at $329.35 on Monday. The company’s 50-day simple moving average is $305.77 and its 200-day simple moving average is $275.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.14. Huntington Ingalls Industries has a 1 year low of $158.88 and a 1 year high of $333.31. The stock has a market capitalization of $12.92 billion, a PE ratio of 22.74, a P/E/G ratio of 1.57 and a beta of 0.37.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HII. CI Investments Inc. increased its position in Huntington Ingalls Industries by 16.7% during the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after purchasing an additional 33 shares during the last quarter. Evergreen Capital Management LLC grew its stake in shares of Huntington Ingalls Industries by 3.9% in the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after buying an additional 38 shares during the period. 1834 Investment Advisors Co. increased its holdings in shares of Huntington Ingalls Industries by 1.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after buying an additional 39 shares during the last quarter. O Keefe Stevens Advisory Inc. raised its position in shares of Huntington Ingalls Industries by 0.7% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 5,758 shares of the aerospace company’s stock valued at $1,658,000 after buying an additional 40 shares during the period. Finally, Resona Asset Management Co. Ltd. raised its position in Huntington Ingalls Industries by 10.1% in the third quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after purchasing an additional 40 shares during the period. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the sale, the chief executive officer owned 68,139 shares of the company’s stock, valued at approximately $21,876,707.34. This represents a 18.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Nicolas G. Schuck sold 466 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total transaction of $146,491.76. Following the completion of the transaction, the chief accounting officer directly owned 2,418 shares in the company, valued at $760,122.48. This trade represents a 16.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 17,103 shares of company stock valued at $5,477,768. Insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 12th. Stockholders of record on Friday, November 28th were paid a $1.38 dividend. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. This represents a $5.52 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Friday, November 28th. Huntington Ingalls Industries’s payout ratio is 38.12%.

Huntington Ingalls Industries Company Profile

(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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