Huntington Ingalls Industries In (NYSE: HII) has reported earnings for its third fiscal quarter (ending September 30) of $2.56 versus $3.70 for the same period a year ago — a decline of -31%. For the latest four quarters through September 30, E.P.S. were $17.71 compared to $13.25 a year ago — an increase of 34%.
Recent Price Action
On 10/31/24, Huntington Ingalls Industries In (NYSE: HII) stock suffered a major decline of -26.2%, closing at $184.96. Moreover, this decline was accompanied by exceptionally high trading volume at 702% of normal. The stock has been weak relative to the market over the last nine months and has declined -27.7% 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 (Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Huntington Ingalls Industries In has a slightly positive Appreciation Score of 66 and a neutral Power Rating of 41, with the Neutral Value Trend Rating the result.
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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