Why Huntington Ingalls (HII) is a Top Stock for the Long-Term
If you're a beginner investor, the idea of creating a portfolio from the ground up can feel like an impossible goal to achieve. That's why you should start by looking at stocks that are set to beat the market over the next 12 months, a strategy that's been proven to generate strong returns.
Let's now take a look at one standout stock that could be a perfect fit for your portfolio.
Why You Should Pay Attention to Huntington Ingalls (HII)
Based in Newport News, VA, Huntington Ingalls Industries designs, builds and maintains nuclear-powered ships such as aircraft carriers and submarines, and non-nuclear ships, such as surface combatants, expeditionary warfare/amphibious assault and coastal defense surface ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe.
Since being added to the Zacks Focus List on May 9, 2016 at $155.20 per share, shares of HII have increased 53.4% to $238.08.
For fiscal 2023, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.11 to $14.59. HII boasts an average earnings surprise of 4.7%.
Moreover, analysts are expecting Huntington Ingalls' earnings to grow 1% for the current fiscal year.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks like HII offer investors a great opportunity to get into a company whose future earnings estimates will be raised, potentially leading to price momentum.
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Huntington Ingalls Industries, Inc. (HII) : Free Stock Analysis Report
