Huntington Ingalls Industries In (NYSE: HII) has reported earnings for its first fiscal quarter (ending March 31) of $3.87 versus $3.23 for the same period a year ago — an increase of 20%. However, this performance was $-0.01 short of the consensus estimate of $3.88. E.P.S. were $17.74 for the latest four quarters through March 31 versus $14.18 for the same period a year ago — an increase of 25%.
Recent Price Action
On 5/2/24, Huntington Ingalls Industries In (NYSE: HII) stock suffered a major decline of -11.5%, closing at $245.19. Moreover, trading volume in this decline was exceptionally high at 443% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -11.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HII is expected to continue to be an important Value Builder.
Huntington Ingalls Industries In has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Huntington Ingalls Industries In has a neutral Appreciation Score of 42 but a good Power Rating of 79, producing the High Neutral Value Trend Rating.
Rating Review
In light of this new information and highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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