Equities analysts predict that Huntington Ingalls Industries Inc (NYSE:HII) will announce $2.01 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Huntington Ingalls Industries’ earnings, with estimates ranging from $2.00 billion to $2.02 billion. Huntington Ingalls Industries posted sales of $1.92 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.7%. The firm is expected to report its next quarterly earnings report on Thursday, February 15th.

On average, analysts expect that Huntington Ingalls Industries will report full year sales of $2.01 billion for the current financial year, with estimates ranging from $7.44 billion to $7.46 billion. For the next year, analysts expect that the business will report sales of $7.56 billion per share. Zacks’ sales calculations are an average based on a survey of analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping analysts’ consensus estimates of $2.78 by $0.49. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $2.27 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis.

A number of equities research analysts have commented on HII shares. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $266.00 target price for the company in a research report on Thursday, January 11th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Cowen reaffirmed a “hold” rating and issued a $225.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Citigroup reaffirmed a “neutral” rating and issued a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $220.29.

Huntington Ingalls Industries (NYSE HII) traded down $12.28 during trading hours on Wednesday, reaching $235.15. 701,800 shares of the company’s stock were exchanged, compared to its average volume of 1,458,270. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.38 and a current ratio of 1.52. Huntington Ingalls Industries has a fifty-two week low of $183.42 and a fifty-two week high of $253.44. The company has a market cap of $10,640.00, a P/E ratio of 17.71, a PEG ratio of 1.33 and a beta of 1.18.

Huntington Ingalls Industries announced that its Board of Directors has initiated a share repurchase plan on Tuesday, November 7th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is undervalued.

In other news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $240.33, for a total transaction of $192,264.00. Following the completion of the sale, the vice president now owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Philip M. Bilden acquired 2,200 shares of the business’s stock in a transaction dated Friday, November 24th. The shares were acquired at an average cost of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. Insiders own 2.22% of the company’s stock.

Several hedge funds have recently modified their holdings of HII. Eaton Vance Management bought a new stake in shares of Huntington Ingalls Industries during the 2nd quarter valued at $248,000. Alliancebernstein L.P. boosted its holdings in Huntington Ingalls Industries by 4.4% in the 2nd quarter. Alliancebernstein L.P. now owns 35,015 shares of the aerospace company’s stock worth $6,518,000 after buying an additional 1,470 shares during the period. Teachers Advisors LLC boosted its holdings in Huntington Ingalls Industries by 7.8% in the 2nd quarter. Teachers Advisors LLC now owns 145,489 shares of the aerospace company’s stock worth $27,084,000 after buying an additional 10,475 shares during the period. Ameriprise Financial Inc. boosted its holdings in Huntington Ingalls Industries by 5.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 156,049 shares of the aerospace company’s stock worth $29,046,000 after buying an additional 8,739 shares during the period. Finally, BlackRock Inc. boosted its holdings in Huntington Ingalls Industries by 2.7% in the 2nd quarter. BlackRock Inc. now owns 4,572,209 shares of the aerospace company’s stock worth $851,165,000 after buying an additional 120,171 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

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About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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