Huntington Ingalls Industries, Inc.’s Stock Price Drops to $159.75, Reflecting a Hefty 18.32% Decrease

Huntington Ingalls Industries, Inc. (HII)

159.75 USD -35.83 (-18.32%) Volume: 2.38M

Huntington Ingalls Industries, Inc.’s stock price stands at 159.75 USD, experiencing a significant drop of -18.32% this trading session with a trading volume of 2.38M. The leading military shipbuilding company’s stock has seen a downward trend with a -15.16% change year-to-date, reflecting a challenging market environment.

Latest developments on Huntington Ingalls Industries, Inc.

Huntington Ingalls Industries (NYSE:HII) is currently facing a turning point as its stock price plunges following the report of fourth-quarter earnings below estimates. The company’s shares have slid as a result of the disappointing earnings, with margins and cash flow taking a hit. Despite a backlog of $48.7 billion, Huntington Ingalls missed earnings by $0.01 and saw a decline in revenues compared to estimates. This news has led to a 10.7% drop in stock value, indicating a challenging period for the shipbuilding giant. Investors are closely monitoring the situation as Huntington Ingalls Industries navigates through these financial challenges.

Huntington Ingalls Industries, Inc. on Smartkarma

Analysts on Smartkarma have been closely covering Huntington Ingalls Industries, with insights from reputable providers like Baptista Research and Value Investors Club. In a recent report by Baptista Research, titled “Huntington Ingalls Industries: An Insight Into Its Capital Allocation & Financial Health & Major Growth Drivers,” the company’s third-quarter earnings for 2024 were analyzed, revealing a mixed operational performance. Revenue for the quarter saw a 2.4% decrease from the prior year, with earnings per share also declining. On the other hand, a separate report by Baptista Research highlighted the company’s robust performance in the second quarter of 2024, driven by expanded shipbuilding capacity and modernization efforts, especially in the Mission Technologies segment.

Value Investors Club also provided valuable insights on Huntington Ingalls Industries in their report titled “Huntington Ingalls Ind Inc (HII) – Friday, Jun 7, 2024.” The report discussed the company’s financial struggles impacting the Navy’s vulnerability, while also acknowledging the strong growth potential of HII’s Mission Technologies business in defense technology. Despite budget challenges, HII is positioned to benefit from secular tailwinds and its leadership in military shipbuilding and defense technology, as highlighted in the analysis on Smartkarma.

A look at Huntington Ingalls Industries, Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Huntington Ingalls Industries shows a strong outlook in terms of value, dividend, and growth potential. With high scores in these areas, the company is positioned well for long-term success. However, the lower scores in resilience and momentum indicate some potential challenges that the company may face in the future. Overall, Huntington Ingalls Industries is a solid company with a positive outlook, especially in terms of providing dividends to its investors.

Huntington Ingalls Industries, Inc. (HII) is a key player in designing, building, and maintaining ships for the United States Navy and Coast Guard. The company’s two primary business divisions, Newport News Shipbuilding and Ingalls Shipbuilding, cater to the military ship market both domestically and internationally. With a focus on value, dividends, and growth, Huntington Ingalls Industries is well-positioned in the industry, although it may need to address some challenges related to resilience and momentum in the long term.

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