Huntington Ingalls Industries (HII) lays claim to being the nation’s largest military shipbuilder. Its stock has been a “steady Eddie” over the years. That includes the past, coronavirus pandemic impacted year. Its profit grew at a double- or triple-digit rate over the last four quarters. And on Monday Huntington Ingalls stock Relative Strength (RS) Rating rose to 72, up from 68 the day before.
The 72 RS Rating, of a best-possible 99, puts the Newport News, Va.-based aircraft carrier and submarine builder and repairer in the top 28% of all stocks.
Huntington Ingalls Stock Buys By Big Investors
Decades of market research shows that the market’s biggest winners tend to have an RS Rating north of 80 as they begin their largest price moves. See if Huntington Ingalls Industries can continue to rebound and hit that benchmark.
Among other key metrics, Huntington Ingalls stock has a 75 Composite Rating, a 73 EPS Rating and a B Accumulation/Distribution Rating. IBD’s A/D rating is on an A+ to E scale with A+ tops. The B rating indicates moderately strong buying by institutional investors.
Earnings grew 722% last quarter, to $3.05 per share, up from 47% growth in the prior report. Revenue rose 10% year over year to $2.23 billion. Look for the next report on or around Nov. 5.
Huntington Ingalls stock was up 2.1% Monday midday, at 210.79. It was working on a fourth straight day of rising stock price, for a 9% gain since Oct. 5. It climbed back above both its 200-day and 50-day lines during that time.
Peers In Aerospace/Defense Group
Huntington Ingalls stock is trying to complete a consolidation with a 224.23 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s unique Relative Strength Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks compares to the rest of the market.
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