Huntington Ingalls Industries (HII) continues to be a powerful force in the defense industry with its crucial role in shipbuilding. The company is in Louis Navellier’s top long-term picks while also looking forward to enhancing its submarine productivity. However, the company's stock has been rated 'Reduce' by brokerages. HII has shown notable leadership changes, having appointed Kari Wilkinson as the head of Newport News Shipbuilding. Moreover, the company has aims to strengthen its workforce and shipbuilding assets with significant expansion. HII, regardless of strategic planning and foresight, saw its stock dip in October, which raised concerns among investors. Yet, there's an optimistic sentiment for its potential as an undervalued stock in the defense industry. HII’s future seems to hinge on the acquisition of W International assets and new contracts such as a substantial $9.6B contract for U.S. Navy Amphibious Ships. Regarding financial perspectives, HII has met various financial challenges. It has reported a cut in its 2024 revenue outlook pertaining to delays and supply chain issues within the Navy deal while also experiencing Q3 earnings that fell short of estimates. Nevertheless, with a strong backlog and a recent $1B Senior Notes Offering, the company exhibits signs of robust financial resilience.
Huntington Ingalls Industries HII News Analytics from Sun, 03 Apr 2022 16:12:15 GMT to Sat, 18 Jan 2025 16:00:34 GMT -
Rating -2
- Innovation 5
- Information 4
- Rumor -5
