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Investing.com - Bernstein raised its price target on Huntington Ingalls (NYSE:HII) to $305.00 from $295.00 while maintaining a Market Perform rating, following the company’s second-quarter earnings beat. According to InvestingPro data, analyst targets for the stock range from $180 to $324, with the company currently trading near Fair Value levels.
The shipbuilder reported diluted earnings per share of $3.86 on Wednesday, July 31, exceeding the consensus estimate of $3.23. Revenue reached $3.08 billion, surpassing analyst expectations of $2.94 billion. The company has demonstrated strong momentum, with its stock delivering an impressive 44.78% return year-to-date.
Huntington Ingalls maintained its 2025 guidance for segment revenues and margins but raised its free cash flow forecast to $500-600 million from the previous $300-500 million range. The company attributed the improved cash flow outlook primarily to tax benefits from R&D tax credits and bonus depreciation.
Bernstein’s 3% price target increase reflects better cash performance related to tax benefits and slightly higher projected shipbuilding revenues. The firm noted that Huntington Ingalls shares rose 7% following the earnings announcement.
The Market Perform rating on Huntington Ingalls stock remains unchanged despite the positive quarterly results and improved free cash flow guidance.
In other recent news, Huntington Ingalls Industries reported its second-quarter 2025 earnings, which exceeded market expectations. The company announced an earnings per share (EPS) of $3.86, surpassing the forecasted $3.26 by 18.4%. Additionally, revenue reached $3.08 billion, outperforming the projected $2.93 billion. These results highlight a notable performance for the quarter. The earnings report reflects strong operational results and has garnered attention from investors and analysts alike. Despite the impressive earnings, no specific upgrades or downgrades from analyst firms were mentioned. The recent developments underscore Huntington Ingalls’ position in the market.
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