Why These Defense Stocks Are Gaining This Week

5. Huntington Ingalls Industries, Inc. (NYSE:HII)

Weekly Gains: 4.68%

Huntington Ingalls Industries, Inc. (NYSE:HII) is an American defense company, with expertise in shipbuilding. It is among the defense stocks that are gaining this week.

The company’s shares are down 17% over the past month, with a major dip occurring after its Q4 2024 earnings call on February 6. It reported a revenue of $3 billion for the fourth quarter, down 5.4% from last year, due to lower volume across all segments. Huntington Ingalls Industries, Inc. (NYSE:HII)’s quarterly net earnings also declined by 55.1% year-over-year.

However, the stock has had a lift after Citigroup on February 19 lowered its price target for Huntington Ingalls Industries, Inc. (NYSE:HII), but maintained its Buy rating. While no further details were provided in the note, it has certainly helped the stock bounce back.

Huntington Ingalls Industries, Inc. (NYSE:HII) is a vital player in America’s defense sector, as it is spearheading the Gerald R. Ford Aircraft Carrier Program.