New insider activity at Huntington Ingalls ( (HII) ) has taken place on February 15, 2025.
Thomas Schievelbein, the Chairman of the Board, President, and CEO, has acquired 2,120 shares of Huntington Ingalls stock, with the transaction valued at $349,418.
Recent Updates on HII stock
In the past 24 hours, Huntington Ingalls Industries (HII) has experienced several price target reductions from major financial institutions due to its recent Q4 earnings report and ongoing challenges. Barclays, Goldman Sachs, and Deutsche Bank all lowered their price targets, citing the company’s below-consensus Q4 results, persistent supply chain and labor challenges, and limited top-line growth due to the nature of its shipbuilding business. These factors are seen as headwinds affecting revenue and margins, with older contract pricing posing risks to earnings and valuation. Additionally, Huntington Ingalls disclosed new risks related to artificial intelligence, acknowledging potential operational inefficiencies and legal liabilities despite efforts to implement governance programs. The company reported a decline in Q4 revenues and earnings per share, although it maintains a substantial backlog indicating strong future demand. Looking forward, HII aims to enhance operational margins and free cash flow while securing significant new contracts.
More about Huntington Ingalls
YTD Price Performance: -14.28%
Average Trading Volume: 612,726
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $6.29B