HII - Huntington Ingalls Industries, Inc.

NYSE - NYSE Delayed Price. Currency in USD
218.31
+1.52 (+0.70%)
At close: 4:00PM EDT
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Previous Close216.79
Open217.64
Bid218.35 x 900
Ask240.00 x 800
Day's Range217.64 - 219.87
52 Week Range173.80 - 262.32
Volume214,527
Avg. Volume292,669
Market Cap9.024B
Beta (3Y Monthly)1.23
PE Ratio (TTM)13.46
EPS (TTM)16.22
Earnings DateNov 6, 2019 - Nov 11, 2019
Forward Dividend & Yield3.44 (1.59%)
Ex-Dividend Date2019-08-29
1y Target Est242.69
Trade prices are not sourced from all markets
  • A Close Look At Huntington Ingalls Industries, Inc.’s (NYSE:HII) 16% ROCE
    Simply Wall St.

    A Close Look At Huntington Ingalls Industries, Inc.’s (NYSE:HII) 16% ROCE

    Today we'll look at Huntington Ingalls Industries, Inc. (NYSE:HII) and reflect on its potential as an investment. In...

  • Goldman Sachs: Our 3 Best Defensive Stocks To Buy Now
    TipRanks

    Goldman Sachs: Our 3 Best Defensive Stocks To Buy Now

    Defense is defensive. And that makes defense stocks a perfect choice for the current climate. So says Goldman Sachs. Its chief US equity strategist David Kostin has just revealed that the firm is recommending aerospace and defense stocks right now. Indeed, the iShares U.S. Aerospace & Defense ETF (ITA) is currently trading up 28% year-to-date. That’s versus the S&P 500’s 19% year-to-date gain, and 15% year-to-date return from the Dow Jones.“During the past 10 years, Aerospace & Defense has been least sensitive to US and global economic growth across Industrials subsectors,” Kostin stated. He notes that these stocks tend to outperform the S&P 500 when the economy narrowly avoids a recession. What’s more, these stocks have the added benefit of “the lowest exposure to China”- a key selling point given the ongoing US-China trade tensions. With that in mind, let’s now dive in to three top aerospace and defense stocks singled out by Goldman Sachs for “the lowest reported sales to Asia Pacific”: 1\. TransDigm Group Inc (TDG)First up TransDigm- one of the best aerospace stocks out there. The company is a leading supplier of highly engineered aircraft equipment found on nearly all commercial and military aircraft today. Boosted by a strong fiscal third quarter, shares are already rallying an impressive 60% year-to-date. TransDigm reported FQ3 earnings of $4.95 per share, sailing past the Street's $4.30 consensus, thanks to 11.8% organic sales growth. In addition, the company also announced a special one-off dividend of $30 per share. “TDG will still have sizable ($2-3B+) dry powder for M&A/special dividends after the $30/sh special dividend is paid circa 8/23” cheered Cowen Co’s Gautam Khanna on the news. “Management indicates an active M&A pipeline, but of smaller assets. Thus, we would not be surprised if TDG announces additional special dividends in F20” the analyst continued. Indeed, TDG has a pattern of cashing out on similar generous dividends, including a one-time $22 per share dividend in 2017. Meanwhile Credit Suisse analyst Robert Spingarn noted encouraging progress with TDG’s integration of its $4 billion purchase of Esterline Technologies. “ESL begins to emerge from the chrysalis” the analyst wrote, adding “after the first full quarter of ownership, ESL [is] already tracking higher than anticipated, with revenues +9%.” As a result, Spingarn hiked his price target from $539 to $617. Similarly Goldman Sachs analyst Noah Poponak boosted his price target from $547 all the way to $623 on August 7. This Street-high price target indicates further upside potential of 21%. The analyst only recently reinstated coverage of TDG, citing significant recurring revenue, consistent and high margins, as well as strong cash generation and deployment. As we can see here 9 out of 11 analysts covering TDG in the last three months rate the stock a buy- hence the Strong Buy Street consensus. Meanwhile, the $588 average analyst price target translates into 15% upside potential. 2\. Huntington Ingalls Industries Inc (HII)Welcome to HII- America's largest military shipbuilding company and a provider of services both the government and industry. Shares dropped 8.45% in August following disappointing Q2 results- but the Street is staying firmly onside. For instance, Alembic Global’s Peter Skibitski upgraded Huntington Ingalls to Buy from Hold on August 5, describing the weakness as a buying opportunity.Meanwhile, five-star Cowen & Co analyst Gautam Khanna reiterated his HII buy rating following earnings, with a $250 price target (16% upside potential). Execution concerns are fair but overblown says Khanna writing: “While execution has been choppy, it appears isolated to a few, idiosyncratic issues vs. a wholesale unwind.” In particular, a 1x item ($12MM forward loss at Technical Solutions) made up 40% of the 14% EPS miss.Looking forward the analyst believes there is cause for optimism, writing, “HII appears close to a shipbuilding margin uptick, and investor sentiment is awful, factors that keep us interested in this transitioning story.” For instance, management affirmed its 9-10% shipbuilding margin target in 2020, and indicated that this level is sustainable in 2021+. 3\. Northrop Grumman Corp (NOC)With annual revenue in excess of $30 billion, NOC is one of the world's largest weapons manufacturers and military technology providers. And Goldman Sachs isn’t the only firm singling Northrop out right now. Shares popped 2% after Morgan Stanley analyst Rajeev Lalwani upgraded NOC from Hold to Buy, terming it the “best long-cycle play.” That’s with a bullish $418 price target (up from just $335 previously), indicating upside potential of 18% from current levels. In fact, year-to-date shares have already surged 45%. “We remain constructive on defense stocks and believe they are a good place to be,” the analyst told investors. Turning to Northrop specifically, he explained: "growing sales visibility through the mid-2020s from a two-year budget deal pairs well with [valuation] amid uncertainty." According to Lalwani, NOC is "the best way to play the long-term strategic priorities of the U.S. government." He sees accelerating NOC profit margins and sales growth driving better than expected earnings. "We believe NOC is well positioned given its longer duration capability and high-end technology focus, inflecting revenue and margins, portfolio shaping potential (via Technology Services), and an easing investment cycle that supports one of the highest FCF yields come 2021 at ~8%” the analyst wrote. Find analysts’ favorite 'Strong Buy' stocks with the Top Analysts’ Stocks tool

  • GlobeNewswire

    PHOTO RELEASE--Huntington Ingalls Industries Appoints New Vice President of Business Development for Nuclear and Environmental Services Business

    NEWPORT NEWS, Va., Sept. 09, 2019 -- Huntington Ingalls Industries (NYSE:HII) announced today that Bret Griebenow has been named vice president of business development for.

  • Reuters

    UPDATE 1-Huntington among companies awarded U.S. govt. contract potentially valued at $17 bln

    U.S. nuclear-powered ship maker Huntington Ingalls Industries said on Thursday it was among the 16 companies awarded an intelligence analysis contract by the U.S. government. The contract has a potential value of $17 billion and a base period of five years, the company said. Huntington will provide a wide range of analytic and operational support services to the U.S. Defense Intelligence Agency as part of the contract.

  • GlobeNewswire

    Huntington Ingalls Industries Awarded Intelligence Analysis Contract by the Defense Intelligence Agency

    Huntington Ingalls Industries (HII) announced today that its Technical Solutions division is one of 16 companies awarded a contract by the Defense Intelligence Agency (DIA) to provide a wide range of analytic and operational support services. “Critical readiness of our defense intelligence enterprise demands unique expertise and advanced technology solutions,” said Garry Schwartz, president of Technical Solutions’ Mission Driven Innovative Solutions group. In addition to the DIA, HII currently supports the intelligence requirements of the Joint Improvised-Threat Defeat Organization (JIDO), U.S. Forces Korea, U.S. Special Operations Command, U.S. Air Forces-Europe, U.S. European Command, U.S. Central Command and the U.S. Indo-Pacific Command.

  • GlobeNewswire

    PHOTO RELEASE--Huntington Ingalls Industries Completes Initial Sea Trials of Virginia-Class Submarine Delaware

    NEWPORT NEWS, Va., Aug. 31, 2019 -- Huntington Ingalls Industries’ (NYSE:HII) Newport News Shipbuilding division successfully completed the initial sea trials on the newest.

  • Huntington Ingalls (HII) Down 2.8% Since Last Earnings Report: Can It Rebound?
    Zacks

    Huntington Ingalls (HII) Down 2.8% Since Last Earnings Report: Can It Rebound?

    Huntington Ingalls (HII) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • The Huntington Ingalls Industries (NYSE:HII) Share Price Is Up 102% And Shareholders Are Boasting About It
    Simply Wall St.

    The Huntington Ingalls Industries (NYSE:HII) Share Price Is Up 102% And Shareholders Are Boasting About It

    When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, if you buy shares...

  • Huntington Ingalls Industries, Inc. (NYSE:HII): Are Analysts Right About The Drop In Earnings?
    Simply Wall St.

    Huntington Ingalls Industries, Inc. (NYSE:HII): Are Analysts Right About The Drop In Earnings?

    As Huntington Ingalls Industries, Inc. (NYSE:HII) released its latest earnings announcement on 30 June 2019, analyst...

  • GlobeNewswire

    PHOTO RELEASE--Huntington Ingalls Industries Announces Leadership Changes At Shipyards

    Premo Sabbatini has been promoted to vice president of central planning and process excellence at Ingalls Shipbuilding. Sabbatini will transition from Ingalls’ amphibious assault ship (LHA) program, where he is the program manager, later this year.

  • 3 Safe Haven Defense and Aerospace Stocks to Buy
    TipRanks

    3 Safe Haven Defense and Aerospace Stocks to Buy

    On August 8, J.P. Morgan released a report that presented opportunities for investors despite heightened tensions regarding the trade war. Top analyst, Seth Seifman, writes, “Defense is a haven again. Defense stocks have outperformed recently due in part to their relative immunity to macroeconomic risks, including China trade, falling interest rates and currency fluctuation.” Amid all the economic uncertainty, defense and aerospace stocks have generally held up. For example, Raytheon Company (RTN) gained 4% in the last five days and Leidos Holdings, Inc. (LDOS) is up 1.5% over the same time period. Using TipRanks, we found 3 stocks in the defense and aerospace sector that analysts believe represent compelling investment opportunities. Huntington Ingalls Industries (HII)The first stock on our list is military shipbuilding company, Huntington Ingalls. Despite its underperformance at the beginning of 2019, Seifman believes HII has pulled off a turnaround. “The stock has recovered from other earnings disappointments this year, and with the long-term outlook little changed, risk-reward looks attractive,” he wrote in the report. HII has a backlog of contracts worth $40 billion, assuming all the contracts are executed. The company is also expecting to get a boost from the Navy’s increased need for unmanned undersea vehicles. “Overall, we think unmanned space is going to fundamentally change the Navy going forward. The intent to try to make ships more lethal, from the Navy standpoint, is something we’re paying closer attention to,” CEO Mike Petters said on August 1. Investors got good news that same day when HII announced that its John F. Kennedy aircraft carrier would launch later this year, several months ahead of schedule. Alembic Global analyst, Peter Skibitski, agrees that despite a lackluster performance in Q2, HII represents a compelling investment opportunity. On August 5, he upgraded the stock to a Buy stating, “The stock's pullback following the company's Q2 report an opportunity for investors.” Skibitski boasts an 82% success rate and gets an average return of 19% per rating. Five-star analyst, Robert Spingarn, thinks that HII’s long-term growth narrative remains unchanged. On August 2, he reiterated his Buy rating and lowered the price target from $252 to $241. Despite the price target cut, Spingarn believes share prices could surge by 15% over the next twelve months. The Credit Suisse analyst has a 70% success rate and a 17% average return per rating. The rest of the Street is bullish on this defense stock. HII has a ‘Strong Buy’ analyst consensus and a $246 average price target, suggesting 17% upside potential. Boeing Company (BA)While Boeing is widely known for its commercial airplanes, a substantial portion of its revenue is generated from the defense and space segments of the business. On July 23, the company reported that its defense and space programs reached $6.6 billion, up 8% year-over-year. Management pointed to higher volume across derivative aircraft, satellites and weapons as the reason for the gain. An increase on sale of property and lower cost growth on the KC-46 Tanker program drove the operating margin expansion of 850 basis points or 15% year-over-year. BA’s legacy fighter jets such as the F/A-18 and F-15 are still in production and are constantly being updated. It’s building the MQ-25 Stingray aerial-refueling drone as well as the P-8 Poseidon maritime surveillance aircraft for the Navy and the KC-46 refueling tanker for the Air Force. The company has also made significant investments in its space programs with its Crew Space Transportation-100 Starliner that will ferry astronauts to the International Space Station. Its Space Launch System is expected to be the most powerful rocket in history. Top analyst, Andrew Gollan, believes that the noise from past controversies is fading into the background. On August 6, he reiterated his Buy rating and lowered his price target from $415 to $400. Even with the price drop, Gollan thinks share prices could jump 19% over the next twelve months. Another analyst, Robert Stallard, reiterated his Buy rating and $413 price target on BA after the better than expected Q2 results. The Vertical Research analyst believes share prices could gain 22% over the next twelve months. “The 777X news is not wholly unexpected given the reported issues with the GE9X, but we think getting the plane certified for delivery less than one year after first flight is very optimistic,” he added on July 24. Stallard has a 68% success rate and gets an average return of 10% per rating. The Street is also bullish on BA. It has a ‘Strong Buy’ analyst consensus and a $432 average price target, suggesting 28% upside. TransDigm Group Inc. (TDG)The last stock on our list takes on more of a background role, producing less exciting aerospace components such as valves, actuators and pumps. However, analysts tell investors not to underestimate TDG. It’s up 60% year-to-date, with more growth expected to come. Over the last four quarters, TDG has surpassed consensus estimates for EPS. On August 6, the company was able beat expectations for both EPS and revenue. EPS was $4.95, exceeding the $4.31 estimate and up from $4.01 in the prior-year quarter. Quarterly revenue reached $1.7 billion, beating the consensus estimate by 5%. Management attributes this growth to its $4 billion acquisition of Esterline Technologies, a specialized components maker. Esterline produces parts for much of the commercial sector and for the Lockheed Martin (LMT) F-35. Investors got more good news when the company stated there would be a special cash dividend of $30 per share. UBS analyst, Myles Walton, thinks the aerospace stock is ready to soar. “We like TransDigm after its earnings beat and organic revenue growth in Q3, along with the expansion of its Esterline margins coming 2 years ahead of pace. TDG still has a strong liquidity profile even after the payout of a special dividend,” he said. On August 7, he reiterated his Buy rating and raised the price target from $565 to $605, suggesting 11% upside. The five-star analyst has a 71% success rate and a 15% average return per rating. Spingarn, who also covers TDG, agrees that the stock offers investors a unique opportunity as ESL integration has been better than expected. On August 7, he reiterated a Buy rating while raising his price target from $539 to $617. The analyst believes share prices could increase by 13% over the next twelve months. TDG has a ‘Strong Buy’ analyst consensus and a $579 average price target, implying 6% upside potential. Discover the Analysts’ Top-Rated Stocks right now

  • Moody's

    Huntington Ingalls Industries, Inc. -- Moody's: Huntington Ingalls rating (Baa3 senior unsecured) unaffected by lower than expected liquidity

    Moody's Investors Service ("Moody's") said that Huntington Ingalls Industries, Inc.'s ("HII") cash should rise by the end of 2019, but cash based metrics may not again reach historical levels and that could slow upward rating potential. Huntington Ingalls Industries, Inc. (HII), through its Newport News, VA and Pascagoula MS shipyards, provides full service design, engineering, construction, and lifecycle support of major surface ship and submarine programs for the US Navy. This publication does not announce a credit rating action.

  • GlobeNewswire

    Huntington Ingalls Industries Honored by Disabled American Veterans for Veteran Hiring Initiatives

    Huntington Ingalls Industries (HII) announced today that the Disabled American Veterans (DAV) named HII as its Large Employer of the Year for veteran hiring during the 98th DAV and Auxiliary National Convention held on Sunday in Orlando, Fla. “We are steadily focused on hiring, training and retaining U.S. veterans throughout our company,” said Bill Ermatinger, HII’s executive vice president and chief human resource officer. “Veterans are a highly skilled and capable group of candidates who have proven through their service they have the discipline and drive to succeed at HII.

  • GlobeNewswire

    PHOTO RELEASE--Huntington Ingalls Industries Announces Leadership Changes At Newport News Shipbuilding

    Damon Saetre has been promoted to vice president of integrated planning and production control. In this role, he oversees all direct planning, supply chain planning and production control functions across the organization. This includes leading the Navy program work plans, as well as workforce and capacity planning.

  • Thomson Reuters StreetEvents

    Edited Transcript of HII earnings conference call or presentation 1-Aug-19 1:00pm GMT

    Q2 2019 Huntington Ingalls Industries Inc Earnings Call

  • GlobeNewswire

    PHOTO RELEASE— Rep. Philip Gunn To Ingalls Shipbuilding Apprentice School Graduates: ‘The Prosperity of Mississippi Begins With People Like You’

    Huntington Ingalls Industries (HII) hosted a graduation ceremony on Saturday for the company’s apprenticeship program at Ingalls Shipbuilding. Mississippi Speaker of the House, Philip Gunn, delivered the keynote address. “The prosperity of Mississippi begins with people like you,” he said.

  • Defense Stock Roundup: US-North Korea Conflict, Q2 Earnings Beat at LDOS & AJRD
    Zacks

    Defense Stock Roundup: US-North Korea Conflict, Q2 Earnings Beat at LDOS & AJRD

    Over the past five trading sessions, the defense biggies put up a dismal show, with General Dynamics and Textron losing the most.

  • Will Esterline Buyout DriveTransdigm Group (TDG) Q3 Earnings?
    Zacks

    Will Esterline Buyout DriveTransdigm Group (TDG) Q3 Earnings?

    Steady revenue passenger mile growth and slower retirements of older aircraft, as well as the Esterline buyout are likely to boost Transdigm Group's (TDG) Q3 results.

  • Read This Before You Buy Huntington Ingalls Industries, Inc. (NYSE:HII) Because Of Its P/E Ratio
    Simply Wall St.

    Read This Before You Buy Huntington Ingalls Industries, Inc. (NYSE:HII) Because Of Its P/E Ratio

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...

  • Huntington Ingalls Industries Inc (HII) Q2 2019 Earnings Call Transcript
    Motley Fool

    Huntington Ingalls Industries Inc (HII) Q2 2019 Earnings Call Transcript

    HII earnings call for the period ending June 30, 2019.

  • GlobeNewswire

    PHOTO RELEASE--Huntington Ingalls Industries Continues Planning for Mid-life Refueling Overhaul of USS John C. Stennis (CVN 74)

    Huntington Ingalls Industries (HII) announced today that its Newport News Shipbuilding division has received a $290 million contract modification from the U.S. Navy to continue planning for the refueling and complex overhaul (RCOH) of the aircraft carrier USS John C. Stennis (CVN 74). The contract funds the second and third years of planning, long-lead-time material procurement, shop fabrication, shipboard inspections, and facilities readiness for the RCOH.

  • Huntington Ingalls (HII) Q2 Earnings Miss, Revenues Up Y/Y
    Zacks

    Huntington Ingalls (HII) Q2 Earnings Miss, Revenues Up Y/Y

    Huntington Ingalls (HII) Q2 revenues outpace the consensus mark and also increase on a year-over-year basis.

  • Huntington Ingalls (HII) Lags Q2 Earnings Estimates
    Zacks

    Huntington Ingalls (HII) Lags Q2 Earnings Estimates

    Huntington Ingalls (HII) delivered earnings and revenue surprises of -13.76% and 3.10%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Huntington Ingalls Industries Reports Second Quarter 2019 Results

    Revenues were $2.2 billion in the quarterOperating margin was 8.0%Diluted earnings per share was $3.07 NEWPORT NEWS, Va., Aug. 01, 2019 -- Huntington Ingalls Industries.

  • Will Newport News Drive Huntington Ingalls (HII) Q2 Earnings?
    Zacks

    Will Newport News Drive Huntington Ingalls (HII) Q2 Earnings?

    Additional costs associated with the launch and subsequent delivery of SSN 791 Delaware along with the drydock damage incident may weigh on Huntington Ingalls' (HII) bottom line in Q2.