Equities analysts forecast that Huntington Ingalls Industries Inc (NYSE:HII) will report $2.12 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Huntington Ingalls Industries’ earnings, with the highest sales estimate coming in at $2.19 billion and the lowest estimate coming in at $2.08 billion. Huntington Ingalls Industries posted sales of $2.02 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5%. The company is scheduled to issue its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Huntington Ingalls Industries will report full-year sales of $8.66 billion for the current year, with estimates ranging from $8.55 billion to $8.81 billion. For the next fiscal year, analysts anticipate that the company will report sales of $8.87 billion, with estimates ranging from $8.63 billion to $9.10 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Huntington Ingalls Industries.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.42). The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $3.48 earnings per share.
HII has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. ValuEngine cut shares of Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $251.08.
Shares of NYSE:HII traded up $3.98 during trading on Thursday, hitting $214.92. 184,400 shares of the company were exchanged, compared to its average volume of 343,689. The company has a market capitalization of $8.70 billion, a PE ratio of 11.26 and a beta of 1.17. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.92 and a current ratio of 0.98. Huntington Ingalls Industries has a 1-year low of $173.80 and a 1-year high of $262.32.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were paid a $0.86 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $3.44 annualized dividend and a dividend yield of 1.60%. Huntington Ingalls Industries’s dividend payout ratio is 18.02%.
In related news, VP Edgar A. Green III sold 500 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $205.66, for a total value of $102,830.00. Following the sale, the vice president now owns 10,137 shares of the company’s stock, valued at $2,084,775.42. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Jerri F. Dickseski sold 542 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $225.00, for a total transaction of $121,950.00. Following the completion of the sale, the vice president now directly owns 35,907 shares in the company, valued at approximately $8,079,075. The disclosure for this sale can be found here. In the last three months, insiders sold 3,405 shares of company stock worth $721,128. 2.65% of the stock is currently owned by insiders.
Several institutional investors have recently modified their holdings of HII. LSV Asset Management boosted its position in Huntington Ingalls Industries by 425.0% during the fourth quarter. LSV Asset Management now owns 1,545,657 shares of the aerospace company’s stock valued at $294,153,000 after acquiring an additional 1,251,220 shares during the last quarter. Renaissance Technologies LLC boosted its position in Huntington Ingalls Industries by 1,441.7% during the first quarter. Renaissance Technologies LLC now owns 240,500 shares of the aerospace company’s stock valued at $49,832,000 after acquiring an additional 224,900 shares during the last quarter. Deutsche Bank AG boosted its position in Huntington Ingalls Industries by 93.0% during the fourth quarter. Deutsche Bank AG now owns 226,214 shares of the aerospace company’s stock valued at $43,046,000 after acquiring an additional 109,027 shares during the last quarter. Gotham Asset Management LLC bought a new stake in Huntington Ingalls Industries during the fourth quarter valued at $13,581,000. Finally, Scout Investments Inc. boosted its position in Huntington Ingalls Industries by 198.2% during the first quarter. Scout Investments Inc. now owns 94,075 shares of the aerospace company’s stock valued at $19,492,000 after acquiring an additional 62,527 shares during the last quarter. 85.59% of the stock is currently owned by institutional investors.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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