Huntington Ingalls Industries Inc. ($HII) Stock Forecast: Down 5.3% Today

What is Huntington Ingalls Industries Inc.?

Huntington Ingalls Industries, Inc. (HII) is an aerospace and defense company that reported strong Q2 earnings, beating estimates and showing growth in revenue and profit.

Why is Huntington Ingalls Industries Inc. going down?

HII stock is down 5.3% on Aug 1, 2024 13:51

• Despite the strong Q2 earnings and beating estimates, Huntington Ingalls Industries, Inc. (HII) saw a bearish movement in the market.
• The market's negative reaction could be attributed to profit-taking by investors after the stock's recent strong performance.
• Expectations for better results may have led investors to sell off shares following the earnings announcement.
• The bearish movement following the earnings report is likely a short-term reaction, with the company's long-term outlook remaining positive.

HII Price Chart

HII News

Huntington Ingalls Industries, Inc. Reports Increase In Q2 Bottom Line, Beats Estimates

WASHINGTON (dpa-AFX) - Huntington Ingalls Industries, Inc. (HII) reported earnings for its second quarter that increased from last year and beat the Street estimates.The company''s bottom line came…

https://www.finanznachrichten.de/nachrichten-2024-08/62885164-huntington-ingalls-industries-inc-reports-increase-in-q2-bottom-line-beats-estimates-020.htm

Huntington Ingalls (NYSE:HII) Surprises With Strong Q2

Aerospace and defense company Huntington Ingalls (NYSE:HII) announced better-than-expected results in Q2 CY2024, with revenue up 6.8% year on year to $2.98 billion. It made a GAAP profit of $4.38 per share, improving from its profit of $3.27 per share in the same quarter last year.

https://stockstory.org/nyse/hii/earnings/huntington-ingalls-nysehii-surprises-with-strong-q2

Huntington Ingalls Industries Inc (HII) Q2 2024 Earnings Report Preview: What To Expect

Huntington Ingalls Industries Inc (HII) Q2 2024 Earnings Report Preview: What To Expect

https://www.gurufocus.com/news/2487282/huntington-ingalls-industries-inc-hii-q2-2024-earnings-report-preview-what-to-expect

Will Segmental Sales Aid Huntington Ingalls' ( HII ) Q2 Earnings?

Huntington Ingalls' (HII) Q2 results are likely to reflect a solid sales performance across its business segments, along with the benefits of margin improvement at its shipbuilding business.

https://www.zacks.com/stock/news/2310174/will-segmental-sales-aid-huntington-ingalls-hii-q2-earnings

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Huntington Ingalls Industries Inc. Price History

02.10.2023 - HII Stock was up 5.2%

• The bullish movement in HII's stock can be attributed to several factors:
• 1. Impressive Q3 results: HII reported higher-than-expected earnings and revenue, surpassing analyst estimates. This positive financial performance likely boosted investor confidence in the company.
• 2. Dividend increase: HII recently announced a 4.8% increase in its quarterly dividend. This signals the company's strong financial position and commitment to returning value to shareholders, attracting more investors.
• 3. Missile defense system contract: HII's Mission Technologies division secured a significant contract worth $79 million. This contract win demonstrates the company's continued success in securing defense contracts, further enhancing its reputation and potential for future growth.
• Overall, the combination of strong financial results, dividend increase, and contract win likely contributed to the bullish market movement in HII's stock. Investors are optimistic about the company's future prospects in the defense industry.

09.09.2023 - HII Stock was up 6.4%

• The bullish movement in HII stock today could be attributed to the following factors:
• 1. Long-term opportunity: an article from Seeking Alpha highlights Huntington Ingalls as a great long-term opportunity, emphasizing its position as a recession-resistant industry leader. This positive outlook could have attracted investors and contributed to the bullish movement.
• 2. Strategic leadership addition: an article from PR Newswire mentions the appointment of Ken Diller as Vice President of Business at Millennium Corporation. While not directly related to Huntington Ingalls, this news might have created a positive sentiment around the defense industry, benefiting companies like HII.
• 3. Concerns over margins: an article from Seeking Alpha discusses declining shares and concerns over defense spending, earnings decline, and efficiency struggles in the shipbuilding industry. Despite these concerns, the bullish movement suggests that investors may have focused more on the long-term potential and positive factors mentioned in an article from Seeking Alpha.
• Overall, the bullish movement in HII stock today could be attributed to the positive long-term outlook for the company, potential market sentiment surrounding the defense industry, and investors' focus on the company's strengths rather than short-term concerns.

01.07.2024 - HII Stock was down 5.3%

• Despite the strong Q2 earnings and beating estimates, Huntington Ingalls Industries, Inc. (HII) saw a bearish movement in the market.
• The market's negative reaction could be attributed to profit-taking by investors after the stock's recent strong performance.
• Expectations for better results may have led investors to sell off shares following the earnings announcement.
• The bearish movement following the earnings report is likely a short-term reaction, with the company's long-term outlook remaining positive.