Jim Cramer Calls Huntington Ingalls a Buy, Citing 13x P/E and Navy Fleet Expansion
Jim Cramer called Huntington Ingalls a buy and 'the best thing' for Navy shipbuilding, noting its low valuation. An institutional investor noted the stock traded at 13x earnings with a 7% free cash yield, reporting strong backlog growth and easing supply chain issues on Navy fleet expansion.
1. Jim Cramer Endorses Huntington Ingalls
Jim Cramer described Huntington Ingalls as 'the best thing' for the Navy, emphasizing that the stock remains attractively priced and continues to warrant a buy recommendation. He pointed to sustained naval shipbuilding demand as a key factor supporting future upside.
2. Institutional Investor Highlights Valuation and Backlog
In its fourth-quarter letter, an institutional investor reported the stock traded at 13 times earnings and delivered a 7% free cash flow yield. The letter cited resolution of supply chain and labor productivity challenges, robust backlog growth and the US Navy's fleet expansion as drivers of anticipated margin gains.