Huntington Ingalls (HII) Shares Significantly Higher After Jim Cramer Said “It’s a Buy”

Huntington Ingalls Industries, Inc. (NYSE:HII) is one of Jim Cramer’s Hottest Defense Technology Stock Picks.

Huntington Ingalls Industries, Inc. (NYSE:HII) is the firm responsible for America’s ability to project power globally since it is the only company capable of manufacturing aircraft carriers. Over the year, the shares are up by 97%, and they are up by 53% since Cramer discussed the firm in July. Huntington Ingalls Industries, Inc. (NYSE:HII)’s stock closed 10.6% lower on February 5th, 2025, after the firm reported its fiscal fourth quarter earnings report. The results saw the firm post $3.48 billion in revenue and $4.04 in per share profit to beat analyst estimates of $3.1 billion and $3.88. However, as part of the results, Huntington Ingalls Industries, Inc. (NYSE:HII) warned that for the first quarter, it could suffer from negative free cash flow. On December 22nd, the stock had closed 5% higher after the US Navy awarded the firm a contract to build small surface combatant warships. Cramer was quite optimistic about the firm in his July appearance on Mad Money:

“I’ve liked it since it was spun off… I think it’s terrific. It’s the absolute best plan for us to be able to build our ships, and we need a better Navy. I think it’s a buy.”

Huntington Ingalls (HII) Shares Significantly Higher After Jim Cramer Said "It's a Buy"

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