Huntington Ingalls Industries Inc. (NYSE:HII) traded at a new 52-week high today of $239.52. Approximately 65,000 shares have changed hands today, as compared to an average 30-day volume of 278,000 shares.
Huntington Ingalls Industries was created from the spinoff of Northrop Grumman’s shipbuilding business. The company is the largest independent military shipbuilder. The company has three segments, two of which are shipyards. Ingalls produces non-nuclear-powered ships, particularly the America-class amphibious assault ship and the Arleigh Burke-class destroyer. The Newport News segment produces nuclear-powered ships, is the sole-source contractor for the Gerald R. Ford-class aircraft carrier, and is a major subcontractor to the Columbia-class attack submarine. The company’s technical solutions segment produces uncrewed undersea vehicles as well as provides various IT services for the government.
Based on a current price of $238.10, Huntington Ingalls Industries Inc. is currently 8.1% above its average consensus analyst price target of $218.86.
In the past 52 weeks, Huntington Ingalls Industries Inc. share prices are bracketed by a low of $175.50 and a high of $239.52 and is now at $238.10, 36% above that low price.
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