HII Stock Recent News

Huntington Ingalls (HII) makes a strong case for keeping on your watchlist from the Aerospace Defense industry due to its growth prospects, strong dividend and rising backlog.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Huntington Ingalls (HII), a significant naval shipbuilder, continues to strengthen its position in the submarine market with new contract wins.

Shipbuilder Huntington Ingalls had a strong year in 2023, with record revenue and double-digit earnings growth. The company is expected to continue delivering strong financial performance due to government contracts and increased defense spending. Huntington Ingalls has a low payout ratio and strong cash flows, supporting further dividend growth.

Huntington Ingalls (HII), with the unveiling of REMUS 130, is set to advance in the unmanned underwater vehicles market.

Huntington Ingalls (HII), a significant naval shipbuilder, continues to expand its presence in the aircraft carrier ship market with the contract win for CVN 79.

Huntington Ingalls (HII) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Huntington Ingalls Industries is the nation's largest Navy shipbuilder with three operating segments. HII's 2023 financial results were excellent, but influenced by a non-operating sale and a settlement. The outlook for 2024 is positive, with expected mid to long-term growth and strong free cash flow for dividends and buybacks.

Huntington Ingalls Industries stock has gained nearly 7% since December 2023, outperforming the broader markets. HII reported strong growth in revenues and operating income in Q4 2023. HII expects modest revenue and operating income growth in 2024, with a focus on reducing delivery delays and meeting capacity requirements.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.