Huntington Ingalls Industries, Inc.’s stock price soars to $207.13, marking a robust 5.59% leap in market performance

Huntington Ingalls Industries, Inc. (HII)

207.13 USD +10.97 (+5.59%) Volume: 1.2M

Huntington Ingalls Industries, Inc.’s stock price surged to 207.13 USD, marking a significant trading session increase of +5.59%. With a robust trading volume of 1.2M and an impressive YTD growth of +9.61%, HII’s stock performance showcases its strong market presence and investor confidence.

Latest developments on Huntington Ingalls Industries, Inc.

Today, Huntington Ingalls Industries Inc. stock stood out among its competitors with a strong trading day. Various investment firms made significant moves regarding the company’s shares, with First National Trust Co and Amundi selling shares, while Thompson Siegel & Walmsley LLC and Wealthfront Advisers LLC purchased shares. Short interest in Huntington Ingalls Industries increased by 68.7% in February. Analysts have given the company a consensus recommendation of “Reduce.” Despite this, Quantbot Technologies LP invested $7.78 million in the company, and Diamond Hill Capital Management Inc. increased its stock holdings. On the other hand, Charles Schwab Investment Management Inc. bought shares, while Rep. Julie Johnson unloaded stock. Proficio Capital Partners LLC made a substantial investment of $11.25 million, and Raymond James Financial Inc. purchased over 147,000 shares. M&T Bank Corp sold shares, while Monimus Capital Management LP and PNC Financial Services Group Inc. reduced their stock positions. Candriam S.C.A. acquired shares, and Marathon Trading Investment Management LLC made a new $841,000 investment, while Assetmark Inc. holds a $1.47 million stock position in Huntington Ingalls Industries Inc.

Huntington Ingalls Industries, Inc. on Smartkarma

Analysts at Baptista Research have provided bullish insights on Huntington Ingalls Industries, a company recently reporting mixed operational performance in its third-quarter earnings for 2024. Despite challenges, the company’s revenue for the quarter was $2.7 billion, showing a 2.4% decrease from the previous year. Earnings per share also declined to $2.56 from $3.70 in the prior year, indicating a need for strategic adjustments to drive growth and financial health.

In another report by Baptista Research, analysts shed light on Huntington Ingalls Industries‘ impressive performance in the second quarter of 2024. The company showcased resilience in navigating challenges and capitalizing on growth opportunities. With a revenue of $3 billion, marking a 6.8% year-over-year increase, the Mission Technologies segment played a significant role in driving growth with a 19% revenue increase from the previous year. The segment’s healthy book-to-bill ratio of 1.15 suggests a promising outlook for future revenue from confirmed contracts.

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 seems to have a positive long-term outlook. The company scores high in areas such as Dividend and Growth, indicating strong performance in these aspects. Additionally, with a solid score in Value and Momentum, Huntington Ingalls Industries appears to be well-positioned for future success. However, the company’s lower score in Resilience may be a point of concern, suggesting potential vulnerabilities that could impact its overall performance.

Huntington Ingalls Industries, Inc. is a company that specializes in designing, building, and maintaining ships for the United States Navy and Coast Guard. With two primary business divisions, Newport News Shipbuilding and Ingalls Shipbuilding, the company also offers after-market services for military ships globally. Overall, Huntington Ingalls Industries plays a crucial role in supporting the defense and security needs of the United States through its work in the shipbuilding industry.

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