What is Wolfe Research’s Forecast for HII FY2030 Earnings?

Huntington Ingalls Industries, Inc. (NYSE:HII) – Equities research analysts at Wolfe Research issued their FY2030 earnings estimates for shares of Huntington Ingalls Industries in a report issued on Friday, July 31st. Wolfe Research analyst M. Walton expects that the aerospace company will post earnings per share of $28.20 for the year. Wolfe Research currently has a “Outperform” rating and a $364.00 target price on the stock. The consensus estimate for Huntington Ingalls Industries’ current full-year earnings is $17.31 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, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the firm posted $3.86 earnings per share. The firm’s revenue for the quarter was up 10.9% on a year-over-year basis.

A number of other brokerages have also recently issued reports on HII. Wells Fargo & Company increased their target price on Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen decreased their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Citigroup upped their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Huntington Ingalls Industries in a research note on Monday. Finally, Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $378.88.

Huntington Ingalls Industries Stock Down 1.9%

Shares of HII opened at $316.78 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $291.05 and a two-hundred day moving average price of $356.88. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 18.88, a P/E/G ratio of 1.38 and a beta of 0.24. Huntington Ingalls Industries has a 12 month low of $259.00 and a 12 month high of $460.00.

Huntington Ingalls Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Friday, August 28th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 32.90%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the transaction, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HII. Personal CFO Solutions LLC lifted its position in shares of Huntington Ingalls Industries by 3.7% during the 1st quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company’s stock valued at $294,000 after buying an additional 28 shares during the last quarter. TriaGen Wealth Management LLC increased its holdings in Huntington Ingalls Industries by 1.6% in the 4th quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after acquiring an additional 31 shares during the last quarter. Intrust Bank NA raised its stake in Huntington Ingalls Industries by 4.5% in the 4th quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after acquiring an additional 35 shares during the period. Oakworth Capital Inc. lifted its holdings in Huntington Ingalls Industries by 1.7% during the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after purchasing an additional 36 shares during the last quarter. Finally, Whittier Trust Co. lifted its holdings in Huntington Ingalls Industries by 2.5% during the first quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company’s stock valued at $625,000 after purchasing an additional 38 shares during the last quarter. 90.46% of the stock is owned by institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.