
Huntington Ingalls Industries, Inc. (HII)
169.71 USD +8.44 (+5.23%) Volume: 1.21M
Huntington Ingalls Industries, Inc.’s stock price has shown a significant uptick, currently trading at 169.71 USD with a positive change of 5.23% this session, backed by a trading volume of 1.21M. However, its year-to-date performance reflects a decrease of 10.19%, revealing a turbulent market journey for HII stocks.
Latest developments on Huntington Ingalls Industries, Inc.
Today, Huntington Ingalls Industries, Inc. (HII) saw a 6% increase in its stock price following Citigroup’s adjustment of its price target to $235 from $260 while maintaining a Buy rating. This news comes amid a wave of investor interest, with Valeo Financial Advisors LLC making a new $407,000 investment in the company and Roman Butler Fullerton & Co. investing $343,000. Brokerages have set a target price for HII at $221.22, further fueling speculation on the stock’s potential performance. With ongoing quantitative stock analysis and a bullish case theory surrounding HII, shareholders are encouraged to stay informed and reach out to Bronstein, Gewirtz & Grossman, LLC for updates on the investigation into the company.
Huntington Ingalls Industries, Inc. on Smartkarma
Analysts on Smartkarma have been closely covering Huntington Ingalls Industries, a company in the defense technology sector. Baptista Research recently published a report titled “Huntington Ingalls Industries: An Insight Into Its Capital Allocation & Financial Health & Major Growth Drivers,” providing a bullish perspective on the company’s operational performance and future expectations. The report highlighted a 2.4% decrease in revenue to $2.7 billion for the quarter, with earnings per share declining to $2.56 from $3.70 in the previous year.
Another report by Baptista Research, titled “Huntington Ingalls Industries: A Tale Of Expanded Shipbuilding Capacity and Modernization! – Major Drivers,” painted a positive picture of the company’s performance in the second quarter of 2024. The report noted a 6.8% year-over-year increase in revenue to $3 billion, driven by the exceptional growth of the Mission Technologies segment. With a book-to-bill ratio of 1.15, the company is expected to see healthy future revenue from confirmed contracts in the defense technology sector.
A look at Huntington Ingalls Industries, Inc. Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
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 value and dividend, indicating strong financial health and potential for returns for investors. While the growth score is also favorable, the lower scores in resilience and momentum suggest some areas of concern that may impact the company’s performance in the future.
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. Despite some mixed scores in the Smartkarma Smart Scores, Huntington Ingalls Industries remains a key player in the defense industry with a focus on providing essential services to the US military.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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