Huntington Ingalls Industries, Inc.’s Stock Price Drops to $245.19, Marking a Significant 11.50% Decrease

Huntington Ingalls Industries, Inc. (HII)

245.19 USD -31.87 (-11.50%) Volume: 1.47M

Huntington Ingalls Industries, Inc.’s stock price stands at 245.19 USD, experiencing a significant dip of -11.50% this trading session, with a trading volume of 1.47M. The stock’s performance shows a year-to-date decrease of -5.57%, reflecting a challenging market for HII.

Latest developments on Huntington Ingalls Industries, Inc.

Shares of Huntington Ingalls Industries (NYSE:HII) experienced significant movements today as the company surpassed analyst expectations with a strong Q1 2024 performance. Despite beating Q1 estimates, shares dipped by 12% due to weak profit margins. The military shipbuilder announced impressive quarterly earnings, with revenues rising year-on-year. However, the stock price gapped down to $277.06, crossing above a 2% yield territory. This comes as the company faces challenges with new Navy ships behind schedule due to a lack of workers. Nevertheless, HII reported strong first quarter growth, beating analyst estimates.

Huntington Ingalls Industries, Inc. on Smartkarma

Analysts at Baptista Research have recently published a bullish report on Huntington Ingalls Industries, a major player in military ship design. Titled “Huntington Ingalls Industries: Initiation of Coverage – Why They’re Boosting Revenue Forecasts – Insights into a Booming Business! – Major Drivers”, the report highlights the company’s solid growth as revealed in its Q3 2023 earnings conference call. President and CEO, Chris Kastner, announced record Q3 revenue, with a 7.2% year-on-year increase to $2.8 billion.

This in-depth analysis provides valuable insights into the company’s performance and future prospects. Investors on Smartkarma can access the full report by Baptista Research on Huntington Ingalls Industries to make informed decisions about their investments in this sector.

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 promising long-term outlook. With strong scores in Dividend and Momentum, the company appears to be in a good position to provide returns to its investors and maintain its growth trajectory. However, lower scores in Resilience may indicate some potential vulnerabilities that need to be addressed in order to ensure the company’s stability in the face of challenges.

Huntington Ingalls Industries, Inc. (HII) is a company that specializes in designing, building, and maintaining ships for the United States Navy and Coast Guard. With two main business divisions, Newport News Shipbuilding and Ingalls Shipbuilding, the company also offers after-market services for military ships globally. The Smartkarma Smart Scores suggest that while there are areas for improvement, Huntington Ingalls Industries has strong potential for growth and providing dividends to its shareholders in the long term.

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.
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