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Shipbuilder Huntington Ingalls rises after Trump promises tax incentives

ReutersMar 5, 2025 12:15 PM

U.S. shipbuilder Huntington Ingalls' HII.N shares rise 11.9% to $192.9 premarket

President Donald Trump to create office of shipbuilding, offer tax incentives

HII has a trailing 12-months P/E ratio of 12.36 - LSEG data

It has an enterprise multiple of 10.40 vs industry median of 10.02

HII has missed quarterly profit estimates in 3 of the last 5 quarters

2 of 13 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell" or lower; their median PT is $187.5 - LSEG

HII shares fell 27.2% in 2024

YTD, stock is down 8.8% vs 3.4% rise in the S&P 500 Aerospace & Defense index .SPLRCAED

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