Huntington Ingalls Industries, Inc. engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S. Navy and U.S. Coast Guard. It also provides nuclear-powered ships, such as aircraft carriers and submarines, as well as refueling and overhaul, and inactivation services of ships. In addition, the company offers naval nuclear support services, including fleet services comprising design, construction, maintenance, and disposal activities for in service the U.S. Navy nuclear ships; and maintenance services on nuclear reactor prototypes. Further, it provides life-cycle sustainment services to the U.S. Navy fleet and other maritime customers; high-end information technology and mission-based solutions for Department of Defense (DoD), intelligence, and federal civilian customers; nuclear management and operations and environmental management services for the Department of Energy, DoD, state and local governments, and private sector companies; defense and federal solutions; and unmanned systems. Huntington Ingalls Industries, Inc. was founded in 1886 and is headquartered in Newport News, Virginia.
IPO Year:
Exchange: NYSE
Website: huntingtoningalls.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
5/20/2024 | $310.00 | Buy | Citigroup |
1/5/2024 | $250.00 → $280.00 | Overweight → Equal Weight | Barclays |
9/28/2023 | $250.00 → $247.00 | Neutral → Overweight | JP Morgan |
9/28/2023 | $217.00 | Hold | Deutsche Bank |
12/8/2022 | $270.00 | Equal Weight → Overweight | Barclays |
11/11/2022 | $230.00 | Neutral → Underperform | BofA Securities |
10/12/2022 | $245.00 | Neutral | Credit Suisse |
10/11/2022 | $315.00 | Outperform | Wolfe Research |
4/14/2022 | $200.00 → $270.00 | Market Perform → Outperform | Cowen |
3/17/2022 | $250.00 | Hold → Buy | Vertical Research |
NEWPORT NEWS, Va., July 15, 2024 (GLOBE NEWSWIRE) -- Shipbuilder and all-domain technologies provider HII (NYSE:HII) hosted Rep. Robert C. "Bobby" Scott, D-Va.; Rep. Rob Wittman, R-Va.; and a delegation of Australian parliamentarians at its Newport News Shipbuilding division Friday. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues to bolster AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines. The Australian delegation included Milton Dick, speaker of the Australian House of Representatives; Aus
CANBERRA, Australia, June 03, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Mission Technologies division announced the appointment of Tim Brown as vice president of operations and Terry Nichols as the managing director for two HII business areas in Australia. Brown and Nichols will work from HII's Canberra office, and both will report directly to Michael Lempke, president of Mission Technologies' Nuclear and Environmental Services business group and the leader of HII's Australia operations working to advance the goals of the Australia-United Kingdom-United States (AUKUS) trilateral partnership on behalf of HII. Brown, as vice president of operations for HII Nuclear Australia Pty Ltd., will
PASCAGOULA, Miss., May 01, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division hosted a "signing day" for the 2024 graduates of its Shipbuilder Academy today at the shipyard. This year, 25 talented high school students were offered full-time positions at Ingalls, where they will begin their shipbuilding career following the completion of their education. Through hands-on training, mentorship, and classroom instruction, participants in the Ingalls Shipbuilding Academy (ISA) gain invaluable experience that prepares them with the skills and knowledge needed to excel in a shipbuilding career. "Today is a celebration of the students who have made the decision to de
PASCAGOULA, Miss., Jan. 11, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Ingalls Shipbuilding division promoted Kimberly Nastasi to vice president of the newly formed integrated communications and stakeholder engagement department. This new department will enhance communication and engagement with key stakeholders inside and outside of the shipbuilding community. As vice president of integrated communications and stakeholder engagement, Nastasi will report to Ingalls Shipbuilding President Kari Wilkinson and will be responsible for leading internal and external efforts in marketing and communications, special events, community relations, corporate stewardship and gover
MCLEAN, Va., June 10, 2022 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that Jeff Jackson has been named senior director of talent development for its Mission Technologies division. He will report to Melanie Anderson, Mission Technologies' senior vice president of human resources. In the new role, Jackson will lead talent strategies in alignment with Mission Technologies' strategic business and human capital objectives. This includes leadership development; coaching/mentoring; training; career paths; performance management; employee engagement; diversity, equity and inclusion; and other culture-shaping initiatives. With the successful integration of a series of strategic acquisitio
PASCAGOULA, Miss., March 10, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today the appointment of Donny Dorsey as vice president of operations at HII's Ingalls Shipbuilding division. Dorsey, formerly ship program manager for all DDG waterfront efforts at Ingalls Shipbuilding, replaces George Jones, who will retire April 1 after 37 years of service. "George's expertise in shipbuilding has influenced generations of shipbuilders and the capabilities of the shipyard," said Kari Wilkinson, president of Ingalls Shipbuilding. "We are grateful for his focus on execution excellence and for shaping our ‘shipyard of the future.' Thank you
NEWPORT NEWS, Va., March 09, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today that Xavier Beale has been appointed vice president of human resources and trades (HR&T) at the company's Newport News Shipbuilding division, effective April 1. Beale succeeds Susan Jacobs, who was appointed vice president, human resources and administration at HII's Ingalls Shipbuilding division. In this new role at Newport News, Beale will oversee human resources administration, employment, labor relations and recruitment, plus retain responsibilities of his previous role as vice president of trades. He will continue reporting to Jennifer Boykin, pres
NEWPORT NEWS, Va., Feb. 24, 2022 (GLOBE NEWSWIRE) -- Global engineering and defense technologies provider HII (NYSE:HII) announced today the promotion of Edmond Hughes to executive vice president and chief human resources officer. Hughes, formerly the vice president of human resources and administration contracts at HII's Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006, will replace William "Bill" R. Ermatinger, who will retire on April 1 after 35 years of service. HII also appointed Susan Jacobs to replace Hughes as the vice president, human resources and administration of Ingalls Shipbuilding, effective April 1. "Bill's leadership has been critical to the e
NEWPORT NEWS, Va., Jan. 28, 2022 (GLOBE NEWSWIRE) -- Huntington Ingalls Industries (NYSE:HII) announced Thursday its board of directors elected Chief Operating Officer Chris Kastner to become HII president and chief executive officer, consistent with the company's succession plan. The board also elected president and CEO Mike Petters to become executive vice chairman of the board for a transition period. Both changes are effective March 1. Petters and Kastner, who has acted over the past decade as chief financial officer, head of corporate strategy and divisional financial officer, are credited with nurturing the company's current $48 billion shipbuilding backlog. The pair also steered
BETHESDA, Md., June 16, 2021 /PRNewswire/ -- Centrus Energy Corp. (NYSE:LEU) (the "Company") announced the results of its 2021 annual meeting of stockholders held on June 16, 2021. As of April 19, 2021, the meeting's record date, there were 12,918,602 shares of the Company's Class A common stock outstanding, each entitled to one vote, and approximately 79.8 percent of those shares were represented at the annual meeting. The Company's stockholders passed all five proposals, including electing the eight director nominees for a term of one year; approving the Section 382 Right
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
SC 13G/A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Subject)
NEWPORT NEWS, Va., July 18, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Newport News Shipbuilding (NNS) division has completed contracted work at the Naval Nuclear Laboratory's Kenneth A. Kesselring Site in West Milton, New York. Since 2012, NNS provided maintenance services and led the refueling overhaul of a nuclear reactor prototype at the Kesselring site, a research and development facility that supports the U.S. Navy's Naval Nuclear Propulsion Program. "With the completion of our work, Kesselring is positioned to continue to train nuclear operators for decades to come," explained Mary Cullen, NNS vice president of nuclear propulsion. "We are proud of our legacy
NEWPORT NEWS, Va., July 15, 2024 (GLOBE NEWSWIRE) -- Shipbuilder and all-domain technologies provider HII (NYSE:HII) hosted Rep. Robert C. "Bobby" Scott, D-Va.; Rep. Rob Wittman, R-Va.; and a delegation of Australian parliamentarians at its Newport News Shipbuilding division Friday. The visit was held in support of the trilateral Australia, United Kingdom and United States (AUKUS) partnership. HII continues to bolster AUKUS, which set in motion tasking across all three countries to determine the optimal pathway to provide Australia with conventionally armed, nuclear-powered submarines. The Australian delegation included Milton Dick, speaker of the Australian House of Representatives; Aus
PASCAGOULA, Miss., July 10, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) hosted Assistant Secretary of the Navy for Research, Development and Acquisition Nickolas Guertin at its Ingalls Shipbuilding division today. While at Ingalls, Secretary Guertin met with shipbuilders, leadership and received an update on ships under construction and modernization during his tour of the shipyard. "Visiting Ingalls Shipbuilding today is a powerful reminder of the dedicated craftsmanship and unwavering commitment that our industry partners provide in sustaining our naval forces. I am excited to see these ships join the fleet and become an integral part of the Navy during this decisive decade." Photos acc
NEWPORT NEWS, Va., July 03, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its second quarter 2024 financial results on Thursday, Aug. 1 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all
PASCAGOULA, Miss., June 28, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division hosted 23 Mississippi educators for a two-week Educator Externship program at the company's shipyard in Pascagoula. The program, which ran from June 3 – June 14, was facilitated by the Ingalls human resources and administration team and provided educators with the opportunity to work alongside shipbuilders throughout the yard. "Our externship program is strengthening the ties between industry and education while also providing first-hand understanding of the critical work we do at Ingalls in support of our military partners," said Susan Jacobs, vice president of human resources at Ingalls S
PASCAGOULA, Miss., June 26, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division announced today that the application period for its annual science, technology, engineering and mathematics (STEM) grant awards are now open for the 2024 -2025 academic school year and will remain open until Friday, October 18. Up to $100,000 in grants will be awarded and recipients will be announced during a ceremony at Ingalls in January 2025. These grants will support STEM-related initiatives at schools and educational organizations across Alabama, Louisiana and Mississippi. The photo accompanying this release is available at: https://hii.com/newsroom/. "We encourage educators to a
NEWPORT NEWS, Va., June 25, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) today hosted a congressional delegation from the House Armed Services Committee at its Newport News Shipbuilding division to meet with shipyard leadership and a tour of the company's facilities. Led by Chairman Rep. Mike Rogers, R-Ala., the delegation also included committee members Rep. Joe Courtney, D-Conn.; Rep. Rob Wittman, R-Va.; and Rep. Jen Kiggans, R-Va. "Hosting visits like this provides an opportunity to showcase the complexity of our operations, the quality of our work, and the dedication of our incredible shipbuilders who bring their best each day," NNS President Jennifer Boykin said. "We understand the criti
NEWPORT NEWS, Va., June 17, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Newport News Shipbuilding division, alongside U.S. Navy, city of Newport News and commonwealth of Virginia partners, announced today construction of a new parking garage that will enhance the working experience for NNS shipbuilders and sailors assigned to the shipyard. Once complete, the new parking structure will create more than 2,000 new parking spaces at NNS, significantly improving access to parking at Virginia's largest industrial employer. Contractor W.M. Jordan will build the garage, with some pre-construction fabrication occurring offsite — an innovative design-build strategy that will reduce the time it take
CANBERRA, Australia, June 03, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Mission Technologies division announced the appointment of Tim Brown as vice president of operations and Terry Nichols as the managing director for two HII business areas in Australia. Brown and Nichols will work from HII's Canberra office, and both will report directly to Michael Lempke, president of Mission Technologies' Nuclear and Environmental Services business group and the leader of HII's Australia operations working to advance the goals of the Australia-United Kingdom-United States (AUKUS) trilateral partnership on behalf of HII. Brown, as vice president of operations for HII Nuclear Australia Pty Ltd., will
PASCAGOULA, Miss., May 31, 2024 (GLOBE NEWSWIRE) -- HII's (NYSE:HII) Ingalls Shipbuilding division recognized 42 shipbuilders who achieved the milestone of reaching 40 years of continuous service at the company. HII refers to this elite group whose careers span four decades supporting national defense as "master shipbuilders." "It is with great honor and gratitude that we congratulate these master shipbuilders for their remarkable careers and dedication to our mission," Ingalls Shipbuilding President Kari Wilkinson said. "Each one of them have embodied the spirit of excellence and commitment that defines an Ingalls shipbuilder." During a special ceremony held May 30 at Ingalls, the maste
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
4 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Issuer)
NEWPORT NEWS, Va., July 03, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its second quarter 2024 financial results on Thursday, Aug. 1 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all
Record first quarter revenues of $2.8 billion, up 4.9% compared to first quarter 2023Operating income of $154 million, up 9.2% compared to first quarter 2023Net earnings of $153 million or $3.87 diluted earnings per shareNew contract awards of $3.1 billion, resulting in backlog of $48.4 billionCompany reaffirms previously issued financial guidance1 NEWPORT NEWS, Va., May 02, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported first quarter 2024 revenues of $2.8 billion, up 4.9% from the first quarter of 2023, driven primarily by growth at its Mission Technologies segment. Operating income in the first quarter of 2024 was $154 million and operating margin was 5.5%, compared to $141 million a
NEWPORT NEWS, Va., May 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on June 14, 2024, to shareholders of record as of the close of business on May 31, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from sh
NEWPORT NEWS, Va., April 04, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its first quarter 2024 financial results on Thursday, May 2 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all-
NEWPORT NEWS, Va., Feb. 07, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, payable on March 8, 2024, to shareholders of record as of the close of business on Feb. 23, 2024. About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending
Fourth quarter revenues grew 13% year over year, to a record $3.2 billionRecord 2023 revenues of $11.5 billion, grew 7.3% year over yearDiluted earnings per share was $6.90 for the fourth quarter, $17.07 for 2023Net cash provided from operations was $970 million, and free cash flow1 was $692 million in 2023 NEWPORT NEWS, Va., Feb. 01, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported fourth quarter 2023 revenues of $3.2 billion, up 13% from the fourth quarter of 2022, due to higher volumes at all three segments. Operating income in the fourth quarter of 2023 was $312 million and operating margin was 9.8%, compared to $105 million and 3.7%, respectively, in the fourth quarter of 2022,
NEWPORT NEWS, Va., Jan. 04, 2024 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its fourth quarter 2023 financial results on Thursday, Feb. 1, and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, al
Record third quarter revenues of $2.8 billion, up 7.2% compared to third quarter 2022Net earnings of $148 million or $3.70 diluted earnings per shareThird quarter free cash flow1 of $293 millionNew contract awards of $5.4 billion, resulting in backlog of approximately $49 billionCompany reaffirms shipbuilding and Mission Technologies FY23 margin guidance2Company increases shipbuilding midpoint and Mission Technologies FY23 revenue guidance2Company increases FY23 free cash flow1 guidance2 NEWPORT NEWS, Va., Nov. 02, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) reported third quarter 2023 revenues of $2.8 billion, up 7.2% from the third quarter of 2022, driven primarily by growth at its Mission
NEWPORT NEWS, Va., Nov. 01, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) announced today that its Board of Directors has declared a quarterly cash dividend of $1.30 per share, a $0.06 increase over the $1.24 per share dividend paid in each of the prior four quarters. The $1.30 per share dividend will be payable on Dec. 8, 2023, to shareholders of record as of the close of business on Nov. 24, 2023. HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with
NEWPORT NEWS, Va., Oct. 05, 2023 (GLOBE NEWSWIRE) -- HII (NYSE:HII) will release its third quarter 2023 financial results on Thursday, Nov. 2 and host an earnings conference call at 9 a.m. Eastern time the same day. The call will be webcast live on HII's website: https://www.hii.com/. HII participants will include Chris Kastner, president and CEO, and Tom Stiehle, executive vice president and chief financial officer. Their remarks will be supplemented by a series of slides appearing on the company website. Listeners are encouraged to view these materials in conjunction with the call. Replays of the call will be available on the website for a limited time. About HII HII is a global, all-
Citigroup initiated coverage of Huntington Ingalls with a rating of Buy and set a new price target of $310.00
Barclays downgraded Huntington Ingalls from Overweight to Equal Weight and set a new price target of $280.00 from $250.00 previously
JP Morgan upgraded Huntington Ingalls from Neutral to Overweight and set a new price target of $247.00 from $250.00 previously
Deutsche Bank initiated coverage of Huntington Ingalls with a rating of Hold and set a new price target of $217.00
Barclays upgraded Huntington Ingalls from Equal Weight to Overweight and set a new price target of $270.00
BofA Securities downgraded Huntington Ingalls from Neutral to Underperform and set a new price target of $230.00
Credit Suisse initiated coverage of Huntington Ingalls with a rating of Neutral and set a new price target of $245.00
Wolfe Research initiated coverage of Huntington Ingalls with a rating of Outperform and set a new price target of $315.00
Cowen upgraded Huntington Ingalls from Market Perform to Outperform and set a new price target of $270.00 from $200.00 previously
Vertical Research upgraded Huntington Ingalls from Hold to Buy and set a new price target of $250.00
11-K - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
11-K - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
SD - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
S-8 - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
8-K - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
10-Q - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
8-K - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
ARS - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
DEFA14A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
DEF 14A - HUNTINGTON INGALLS INDUSTRIES, INC. (0001501585) (Filer)
Citigroup analyst Jason Gursky initiates coverage on Huntington Ingalls Indus (NYSE:HII) with a Buy rating and announces Price Target of $310.
The most oversold stocks in the industrials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. Advent Technologies Holdings, Inc. (NASDAQ:ADN) On May 1, Advent Technologies approved a 1-for-30 reverse stock split. The co
HII, the leading manufacturer of underwater unmanned vehicles (UUVs), announced the recent sale of three REMUS 100s and five REMUS 300s to the Royal Navy. This transaction marks a significant milestone in the longstanding partnership between HII and the United Kingdom military to support the Royal Navy's capabilities in underwater exploration, countermine and surveillance programs.Over the past 20 years, the U.K.'s Ministry of Defence has acquired a mix of REMUS 100s, Remus 300s and REMUS 600s for mine countermeasure operations.The Ministry of Defence's first two REMUS 100s, acquired in 2001, are still in operation today, demonstrating the resilience and modernization capabilities of the HII
Huntington Ingalls Industries Inc (NYSE:HII) shares are trading lower after it reported first-quarter FY24 results. Sales and service revenue increased 4.9% Y/Y to $2.81 billion, beating the consensus of $2.79 billion. Revenues by segments: Ingalls Shipbuilding $655 million (+13.5% Y/Y), Newport News Shipbuilding $1.43 billion (-4.8% Y/Y) and Mission Technologies $750 million (+20.2% Y/Y). EPS of $3.87, up 19.8% Y/Y, beat the consensus of $3.49. Operating income increased 9.2% Y/Y to $154 million, and the margin expanded by 22 bps Y/Y to 5.5%. Segment operating income was $170 million (+9.0% Y/Y), and the margin was 6.1%, up 23 bps Y/Y. Huntington Ingalls's operating cash
HII Financial Outlook1 Reaffirming FY24 outlook Reaffirming 5 year (2024-2028) free cash flow2,3 outlook of $3.6B FY24 Outlook1 Shipbuilding Revenue2 $8.8B - $9.1B Shipbuilding Operating Margin2 7.6% - 7.8% Mission Technologies Revenue $2.7B - $2.75B Mission Technologies Segment Operating Margin2 3.0% - 3.5% Mission Technologies EBITDA Margin2 8.0% - 8.5% Operating FAS/CAS Adjustment ($63M) Non-current State Income Tax Benefit/Expense4 ~$0M Interest Expense ($90M) Non-operating Retirement Benefit $178M Effective Tax Rate ~21% Depreciation
Huntington Ingalls Indus (NYSE:HII) reported quarterly earnings of $3.87 per share which beat the analyst consensus estimate of $3.49 by 10.89 percent. This is a 19.81 percent increase over earnings of $3.23 per share from the same period last year. The company reported quarterly sales of $2.805 billion which beat the analyst consensus estimate of $2.793 billion by 0.41 percent. This is a 4.90 percent increase over sales of $2.674 billion the same period last year.
Richard M. McCool Jr. is the 13th San Antonio-class ship delivered by Ingalls and is the final Flight I transition ship before Ingalls moves into production of the LPD Flight II line.