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

Huntington Ingalls Industries, Inc. (NYSE:HII) – Melius Research cut their Q3 2024 earnings per share (EPS) estimates for shares of Huntington Ingalls Industries in a research note issued to investors on Wednesday, October 16th. Melius Research analyst R. Spingarn now forecasts that the aerospace company will post earnings per share of $3.69 for the quarter, down from their previous estimate of $3.72. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $16.56 per share. Melius Research also issued estimates for Huntington Ingalls Industries’ Q4 2024 earnings at $4.48 EPS, FY2025 earnings at $19.67 EPS and FY2026 earnings at $22.10 EPS.

Several other equities analysts have also issued reports on HII. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price target for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, Vertical Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $290.00.

Huntington Ingalls Industries Trading Down 1.6 %

Shares of HII opened at $257.11 on Monday. The company has a market cap of $10.14 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries has a 52-week low of $212.58 and a 52-week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a fifty day moving average price of $266.18 and a two-hundred day moving average price of $261.16.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the firm earned $3.27 EPS. Huntington Ingalls Industries’s quarterly revenue was up 6.8% on a year-over-year basis.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.02%. Huntington Ingalls Industries’s payout ratio is presently 29.31%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of Huntington Ingalls Industries by 9.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company’s stock worth $121,000 after buying an additional 41 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in shares of 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 in the last quarter. Ballentine Partners LLC grew its stake in Huntington Ingalls Industries by 1.6% in the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company’s stock valued at $647,000 after purchasing an additional 42 shares in the last quarter. GAMMA Investing LLC grew its stake in Huntington Ingalls Industries by 16.4% in the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company’s stock valued at $79,000 after purchasing an additional 45 shares in the last quarter. Finally, Hilltop National Bank grew its stake in Huntington Ingalls Industries by 15.1% in the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company’s stock valued at $88,000 after purchasing an additional 47 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

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.