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

Huntington Ingalls Industries, Inc. (NYSE:HII) – Equities research analysts at Melius Research raised their FY2028 earnings per share estimates for shares of Huntington Ingalls Industries in a research report issued on Monday, October 5th. Melius Research analyst S. Mikus now anticipates 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.

A number of other research analysts also recently issued reports on the company. Sanford C. Bernstein dropped their price target on Huntington Ingalls Industries from $341.00 to $327.00 and set a “market perform” rating on the stock in a research note on Wednesday, September 23rd. TD Cowen cut their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective on the stock in a research report on Friday, July 31st. Wells Fargo & Company increased their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Finally, Citigroup increased their price objective on Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average price target of $367.12.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $265.18 on Wednesday. The company has a fifty day moving average of $291.62 and a two-hundred day moving average of $313.75. The company has a market capitalization of $10.45 billion, a PE ratio of 15.80, a P/E/G ratio of 0.98 and a beta of 0.21. Huntington Ingalls Industries has a 1 year low of $256.79 and a 1 year high of $460.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data 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 business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the previous year, the firm earned $3.86 EPS. The company’s revenue was up 10.9% compared to the same quarter last year.

Hedge Funds Weigh In On Huntington Ingalls Industries

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

Insider Activity

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

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 $1.38 dividend. 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%.

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.