What is Melius Research’s Estimate for HII FY2028 Earnings?

Huntington Ingalls Industries, Inc. (NYSE:HII) – Analysts at Melius Research raised their FY2028 earnings estimates for Huntington Ingalls Industries in a research note issued to investors on Monday, October 5th. Melius Research analyst S. Mikus now forecasts that the aerospace company will earn $25.90 per share for the year, up from their previous estimate of $25.85. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $18.47 per share.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, topping the consensus estimate of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the business posted $3.86 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year.

HII has been the topic of several other reports. Wolfe Research upgraded Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 target price on the stock in a report on Friday, July 31st. Wells Fargo & Company increased their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 4th. Weiss Ratings raised Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Sanford C. Bernstein cut their price objective on Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating on the stock in a report on Wednesday, September 23rd. Finally, TD Cowen cut their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries has a consensus rating of “Moderate Buy” and an average price target of $367.12.

Huntington Ingalls Industries Price Performance

HII opened at $260.08 on Wednesday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries has a 12 month low of $256.79 and a 12 month high of $460.00. The company has a fifty day simple moving average of $292.72 and a 200 day simple moving average of $314.76. The stock has a market cap of $10.25 billion, a P/E ratio of 15.50, a P/E/G ratio of 0.99 and a beta of 0.21.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 11th. Shareholders of record on Friday, August 28th were issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio is 32.90%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $944,877,000. State Street Corp boosted its position in Huntington Ingalls Industries by 8.4% during the 2nd quarter. State Street Corp now owns 2,922,717 shares of the aerospace company’s stock worth $818,039,000 after acquiring an additional 227,439 shares during the last quarter. Van ECK Associates Corp boosted its position in Huntington Ingalls Industries by 32.1% during the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock worth $560,004,000 after acquiring an additional 400,428 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Huntington Ingalls Industries by 2.4% during the 1st quarter. First Trust Advisors LP now owns 832,452 shares of the aerospace company’s stock worth $316,249,000 after acquiring an additional 19,843 shares in the last quarter. Finally, Sei Investments Co. grew its stake in shares of Huntington Ingalls Industries by 2.3% during the 1st quarter. Sei Investments Co. now owns 471,429 shares of the aerospace company’s stock worth $179,097,000 after acquiring an additional 10,406 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc (NYSE:HII) is a U.S. defense company that designs, builds, maintains and modernizes military ships and provides technology services to government and defense customers. Its principal customers include the U.S. Navy, Marine Corps, Coast Guard, intelligence agencies and other federal organizations.

Through Newport News Shipbuilding, HII builds and services nuclear-powered aircraft carriers and supports the construction and maintenance of nuclear-powered submarines.