Huntington Ingalls Industries Inc

HII: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$389.00	Yzys	Plgvsgkv

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

Nicolas Owens

May 2, 2024

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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