We recently published 9 Stocks Jim Cramer Talked About. Huntington Ingalls Industries, Inc. is one of the stocks Jim Cramer talked about recently.
Huntington Ingalls Industries, Inc. 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. 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.’s share price performance:
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“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.”
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This article is originally published at Insider Monkey.
