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Huntington Ingalls Industries Inc HII

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Stock XNYS Rating as of
$256.13 +0.57 (0.22%)
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As of Cboe BZX Real-Time Price Open
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Company Report

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Huntington Ingalls Earnings: Catching Up on Boat Milestones; Valuation Up 9% on Margin Progress

Nicolas Owens

Huntington Ingalls turned in first-quarter 2024 results that basically met our revenue forecast and slightly exceeded our conservative margin expectations. Management affirmed its expectations for 2024. We have increased our fair value estimate from $290 to $317 because we increased our near-term margin forecast based on these latest results, and we also trimmed our long term estimate of working capital needs at the company, both of which benefit cash flows.

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Price vs Fair Value

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HII is trading within a range we consider fairly valued.
Price
$255.60
Fair Value
$886.00
Uncertainty
Low
1-Star Price
$812.18
5-Star Price
$872.90
Economic Moat
Jkydc
Capital Allocation
Lzgpmkms

Bulls Say, Bears Say

Bulls

The National Defense Strategy prioritizes modernizing the military to counter potential great power adversaries. We think this will increase the proportion of the defense budget available to contractors.

Bears

Competing claims on future U.S. budget spending may depress future defense spending.

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News

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Trading Information

Previous Close Price
$255.56
Day Range
$254.36–257.26
52-Week Range
$194.49–298.62
Bid/Ask
$255.94 / $256.27
Market Cap
$10.10 Bil
Volume/Avg
53,251 / 329,197

Key Statistics

Price/Earnings (Normalized)
14.82
Price/Sales
0.88
Dividend Yield (Trailing)
1.99%
Dividend Yield (Forward)
2.03%
Total Yield
3.25%

Company Profile

Huntington Ingalls Industries is the largest independent military shipbuilder in the U.S., spun off of Northrop Grumman in 2011. It operates three segments, two of which are storied shipyards: Ingalls produces non-nuclear-powered ships including amphibious landing ships and Arleigh Burke-class destroyers while Newport News produces nuclear-powered ships as the only producer of Gerald Ford-class aircraft carriers and a major subcontractor on Virginia and Columbia-class nuclear submarines. Huntington Ingalls shares production of destroyers and nuclear submarines with General Dynamics' Bath Iron Works and Electric Boat shipyards, respectively. The company’s Mission Technologies segment produces uncrewed sea vessels and provides a range of IT and other services to U.S. government agencies.
Sector
Industrials
Industry
Aerospace & Defense
Stock Style Box
Mid Core
Total Number of Employees
44,000
Website
https://www.huntingtoningalls.com

Competitors

Valuation

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Metric
HII
NOC
GD
Price/Earnings (Normalized)
 14.8221.2424.12
Price/Book Value
 2.454.903.79
Price/Sales
 0.881.771.89
Price/Cash Flow
 10.3516.9320.41
Price/Earnings
HII
NOC
GD

Financial Strength

Metric
HII
NOC
GD
Quick Ratio
 0.860.860.76
Current Ratio
 0.951.151.44
Interest Coverage
 9.985.3013.19
Quick Ratio
HII
NOC
GD

Profitability

Metric
HII
NOC
GD
Return on Assets (Normalized)
 6.54%4.88%6.58%
Return on Equity (Normalized)
 18.67%14.79%17.44%
Return on Invested Capital (Normalized)
 11.82%8.76%12.06%
Return on Assets
HII
NOC
GD
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