Amidst a series of noteworthy events, Huntington Ingalls Industries HII continues to stay buoyant in the market. The investment firm Cetera has acquired 7,771 shares of HII while Comerica Bank and Tidal Investments LLC have reduced their stock holdings. Despite crossing below 200 DMA, analysts argue that HII stock is undervalued. Huntington Ingalls’ strong performance is highlighted with their Q2 earnings beat and revenue rise year on year. With several anticipated earnings forecast for Q3 and Q4 2024, HII shows potential for growth. However, post earnings reports show an 11.5% stock drop. HII won contracts to aid the Submarine Program, integrate Minotaur Software Products into Maritime Platforms and a $305M contract with the DIA. The company aims to expand into digital manufacturing and anticipates the defense tech business will outpace shipyard growth. Huntington Ingalls also plans to advance additive manufacturing in a Virginia-Class submarine. Potential concerns include reports of unreported occupational deaths at the shipyard, and insider stock sales suggesting potential weakness. HII recently paid out a $1.30 quarterly dividend.
Huntington Ingalls Industries HII News Analytics from Mon, 25 Sep 2023 07:00:00 GMT to Sat, 10 Aug 2024 15:30:57 GMT - Rating 3 - Innovation 7 - Information 8 - Rumor -3
