Equities research analysts predict that Huntington Ingalls Industries Inc (NYSE:HII) will post sales of $2.12 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Huntington Ingalls Industries’ earnings. The lowest sales estimate is $2.08 billion and the highest is $2.19 billion. Huntington Ingalls Industries posted sales of $2.02 billion during the same quarter last year, which would indicate a positive year over year growth rate of 5%. The firm is expected to report its next quarterly earnings report before the market opens on Thursday, August 1st.

On average, analysts expect that Huntington Ingalls Industries will report full year sales of $8.66 billion for the current fiscal year, with estimates ranging from $8.55 billion to $8.81 billion. For the next year, analysts forecast that the business will report sales of $8.87 billion, with estimates ranging from $8.63 billion to $9.10 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Huntington Ingalls Industries.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 2nd. The aerospace company reported $2.85 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.27 by ($0.42). Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $1.95 billion. During the same period in the prior year, the business posted $3.48 earnings per share. The company’s revenue for the quarter was up 11.0% on a year-over-year basis.

Several brokerages recently issued reports on HII. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a “hold” rating to a “sell” rating in a research note on Monday, May 6th. ValuEngine lowered shares of Viewray from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $251.08.

In other Huntington Ingalls Industries news, VP William R. Ermatinger sold 1,863 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $211.55, for a total transaction of $394,117.65. Following the completion of the sale, the vice president now directly owns 35,020 shares in the company, valued at approximately $7,408,481. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jerri F. Dickseski sold 1,874 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $228.68, for a total transaction of $428,546.32. Following the sale, the vice president now owns 34,033 shares of the company’s stock, valued at $7,782,666.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,737 shares of company stock valued at $1,027,724. 2.65% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. American International Group Inc. grew its stake in shares of Huntington Ingalls Industries by 0.3% in the fourth quarter. American International Group Inc. now owns 15,538 shares of the aerospace company’s stock worth $2,957,000 after acquiring an additional 53 shares during the period. Piedmont Investment Advisors Inc. grew its stake in shares of Huntington Ingalls Industries by 1.7% in the first quarter. Piedmont Investment Advisors Inc. now owns 3,323 shares of the aerospace company’s stock worth $689,000 after acquiring an additional 55 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Huntington Ingalls Industries by 0.9% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,483 shares of the aerospace company’s stock worth $1,342,000 after acquiring an additional 59 shares during the period. Rehmann Capital Advisory Group grew its stake in shares of Huntington Ingalls Industries by 6.0% in the first quarter. Rehmann Capital Advisory Group now owns 1,041 shares of the aerospace company’s stock worth $216,000 after acquiring an additional 59 shares during the period. Finally, Advisor Partners LLC grew its stake in shares of Huntington Ingalls Industries by 5.1% in the second quarter. Advisor Partners LLC now owns 1,474 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 71 shares during the period. Institutional investors and hedge funds own 85.64% of the company’s stock.

Shares of NYSE:HII traded up $0.60 on Monday, hitting $233.97. The company had a trading volume of 191,191 shares, compared to its average volume of 248,036. The stock’s 50-day moving average is $225.62. Huntington Ingalls Industries has a 1 year low of $173.80 and a 1 year high of $262.32. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 1.07. The company has a market cap of $9.70 billion, a price-to-earnings ratio of 12.26 and a beta of 1.19.

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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