Huntington Ingalls Industries, Inc.’s Stock Price Drops to $271.44, Marking a 1.38% Decrease: A Detailed Performance Analysis

Huntington Ingalls Industries, Inc. (HII)

271.44 USD -3.79 (-1.38%) Volume: 0.23M

Huntington Ingalls Industries, Inc.’s stock price currently stands at 271.44 USD, experiencing a slight dip of -1.38% this trading session with a trading volume of 0.23M, yet showing resilience with a YTD increase of +4.54%, reflecting the company’s solid performance in the market.

Latest developments on Huntington Ingalls Industries, Inc.

Recent movements in Huntington Ingalls Industries, Inc. (NYSE:HII) stock price have been influenced by various key events. Continuum Advisory LLC has bought shares of the company, while Sumitomo Mitsui Trust Holdings Inc. has sold some of their holdings. Additionally, Hennion & Walsh Asset Management Inc. has increased its holdings in Huntington Ingalls Industries. The company’s cash flow from operations as of June 2024 stands at €635 million. Envestnet Portfolio Solutions Inc. has also shown interest in the company by purchasing 751 shares. These activities have contributed to the fluctuations in Huntington Ingalls Industries stock price today.

Huntington Ingalls Industries, Inc. on Smartkarma

Analysts on Smartkarma, such as Baptista Research, have been covering Huntington Ingalls Industries Inc. and providing insights on the company’s strategic focus on technological enhancements in mission technologies. According to Baptista Research, HII, known for its expertise in shipbuilding and defense technologies, reported a mixed first quarter for 2024. The quarter saw a record revenue of $2.8 billion, showcasing strong demand for HII’s offerings in shipbuilding and significant growth in their Mission Technologies segment. This revenue increase of 4.9% compared to the previous year was largely driven by advancements in these sectors.

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 has a positive long-term outlook. With high scores in Value and Dividend, the company is seen as a solid investment with strong potential for growth. Additionally, its Momentum score indicates that the company is performing well in the market. However, the lower scores in Growth and Resilience suggest that there may be some challenges ahead for Huntington Ingalls Industries in terms of expanding its business and weathering potential economic downturns.

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 main business divisions, Newport News Shipbuilding and Ingalls Shipbuilding, the company also offers after-market services for military ships globally. Despite facing some obstacles in terms of growth and resilience, Huntington Ingalls Industries‘ strong Value and Dividend scores indicate that it is a reliable and potentially lucrative investment for the future.

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