Huntington Ingalls Industries, Inc.’s Stock Price Drops to $275.50, Reflecting a 3.56% Dip: An In-depth Analysis

Huntington Ingalls Industries, Inc. (HII)

275.50 USD -10.18 (-3.56%) Volume: 0.54M

Huntington Ingalls Industries, Inc.’s stock price currently stands at 275.50 USD, experiencing a -3.56% change this trading session with a trading volume of 0.54M. Despite today’s dip, HII’s stock maintains a positive year-to-date performance, boasting a +6.11% increase.

Latest developments on Huntington Ingalls Industries, Inc.

Shares of Huntington Ingalls Industries (NYSE:HII) dropped 4.2% today, despite the company’s recent accolades for excellence in health and well-being, and entering oversold territory. This follows news of the State of Alaska Department of Revenue and Assenagon Asset Management S.A. selling a combined total of 566 shares. However, the company recently secured a $74 million contract to support U.S. Navy Vertical Launch Systems, indicating potential for growth. Over the past five years, HII stock climbed a noteworthy 41%.

Huntington Ingalls Industries, Inc. on Smartkarma

Baptista Research recently published an insightful 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 overall growth as revealed in its Q3 2023 earnings conference call. President and CEO, Chris Kastner, announced that the company achieved record Q3 revenue, with a notable top-line growth of 7.2% year-on-year to $2.8 billion.

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 is expected to have a positive long-term outlook. With strong scores in Dividend and Momentum, the company is showing promising signs of growth and stability. While the Value and Growth scores are not as high, the overall outlook for Huntington Ingalls Industries remains solid.

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 facing some challenges in resilience, Huntington Ingalls Industries continues to be a key player in the defense industry with a focus on innovation and quality.

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