Huntington Ingalls (HII) is “One of the Best Stocks in the World,” Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About.  Huntington Ingalls Industries, Inc. (NYSE:HII) is one of the stocks Jim Cramer talked about recently.

Huntington Ingalls Industries, Inc. (NYSE:HII) is one of the largest shipbuilding companies in America. Some of its well-known ships include the Gerald R. Ford class aircraft carriers. The shares are up by 82% year-to-date, and in December, Citigroup initiated coverage of the stock. The bank set a Buy rating and a $376 share price target for the firm. The action for Huntington Ingalls Industries, Inc. (NYSE:HII) came after Bernstein had raised its share price target to $362 from $305 and kept a Market Perform rating on the shares. Bernstein’s coverage came after the firm’s third-quarter earnings report, in which the shipbuilder grew its revenue by 16% annually and diluted earnings by 44%. Cramer discussed Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price performance:

Miffynam/Shutterstock.com

“Well I do think that, one of the best stocks in the world is Huntington Ingalls. I remember when they were owned by Litton. Who was just a breakout that people just thought was an afterthought. But these stocks, are, they’re hot again, because he said that, you know, no buybacks, it didn’t matter. I mean look at that, that’s a good stock.”

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.