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HII - Huntington Ingalls Industries: A Dividend Contender With Strong Financials And A Bright Outlook
Huntington Ingalls Industries Inc.
2024-03-20 08:00:00 ET
Summary
Shipbuilder Huntington Ingalls had a strong year in 2023, with record revenue and double-digit earnings growth.
The company is expected to continue delivering strong financial performance due to government contracts and increased defense spending.
Huntington Ingalls has a low payout ratio and strong cash flows, supporting further dividend growth.
I have a price target of $309, offering investors nearly 7% upside from the current price.
The company faces risks, mainly from geopolitical issues. They also face risks from competitors. HII lost the Frigate X contract to shipbuilder Fincantieri Marinette Marine.