Huntington Ingalls Industries benefits from strong backlog and market position
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 21 2024
0mins
Should l Buy HII?
Source: SeekingAlpha
Huntington Ingalls Industries Inc (HII) reached a 52-week high, reflecting strong investor confidence in the company.
The company's unique market position as the largest military shipbuilder in the U.S. and a robust backlog estimated between $53 billion and $57 billion significantly enhance its revenue visibility. Additionally, U.S. maritime industrial policies provide strong support for HII's growth trajectory, reinforcing its near-monopoly status in nuclear platforms.
As geopolitical tensions rise, particularly in the Western Pacific, HII's strategic advantage positions it well for continued growth, despite broader market weakness.
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Analyst Views on HII
Wall Street analysts forecast HII stock price to fall
6 Analyst Rating
4 Buy
1 Hold
1 Sell
Moderate Buy
Current: 417.510
Low
300.00
Averages
344.80
High
376.00
Current: 417.510
Low
300.00
Averages
344.80
High
376.00
About HII
Huntington Ingalls Industries, Inc. is a global, all-domain defense provider. The Company delivers ships and all-domain solutions in service of the nation. It delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. It operates through three segments: Ingalls Shipbuilding (Ingalls), Newport News Shipbuilding (Newport News), and Mission Technologies. Through its Ingalls segment, the Company designs and constructs non-nuclear ships for the United States Navy and Coast Guard, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters (NSC). The core business of its Newport News segment is designing and constructing nuclear-powered aircraft carriers and submarines, and the refueling and overhaul and the inactivation of nuclear-powered aircraft carriers. The Company’s Mission Technologies segment develops integrated solutions that enable connected, all-domain force.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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