Huntington Ingalls gains after annual shipbuilding revenue forecast raise, Q2 profit rise
HII•Shares jump after forecast raise and higher quarterly profit
Shares of shipbuilder Huntington Ingalls HII.N jump 12.3% to $315 premarket.
The company raises its FY26 shipbuilding revenue forecast to $10.2 billion to $10.4 billion, up from $9.7 billion to $9.9 billion.
Q2 adjusted EPS is $5.27, up from $3.86 a year earlier.
Quarterly growth was driven by higher production volumes at Newport News and Ingalls.
Five of 12 brokerages rate the stock "buy" or higher, six "hold" and one "sell"; their median price target is $349, according to LSEG data.
Up to last close, the stock has fallen 17.5% year to date.
