HII Stock Summary and Trading Ideas (Huntington Ingalls Industries | NYSE:HII)

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.

Huntington Ingalls Industries trades on the NYSE stock market under the symbol HII.

As of April 18, 2024, HII stock price declined to $268.84 with 218,155 million shares trading.

HII has a beta of 1.30, meaning it tends to be more sensitive to market movements. HII has a correlation of 0.48 to the broad based SPY ETF.

HII has a market cap of $10.65 billion. This is considered a Large Cap stock.

Last quarter Huntington Ingalls Industries reported $3 billion in Revenue and $6.90 earnings per share. This beat revenue expectation by $397 million and exceeded earnings estimates by $2.62.

In the last 3 years, HII stock traded as high as $299.50 and as low as $175.50.

The top ETF exchange traded funds that HII belongs to (by Net Assets): VTI, VB, VOO, VBR, MOAT.

HII has outperformed the market in the last year with a return of +29.6%, while the SPY ETF gained +22.3%. However, in the most recent history, HII shares have underperformed the stock market with its stock returning +6.0% in the last 3 month period and -6.1% for the last 2 week period, while SPY has returned +6.1% and -3.8%, respectively.

HII support price is $267.98 and resistance is $274.46 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HII stock will trade within this expected range on the day.