NEW YORK CITY, NY / ACCESS Newswire / February 23, 2025 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Huntington Ingalls Industries, Inc. ("Huntington Ingalls" or "the Company") (NYSE:HII). Investors who purchased Huntington Ingalls securities are encouraged to obtain additional information and assist the investigation by visiting the firm’s site: bgandg.com/HII.
Investigation Details
On October 31, 2024, Huntington Ingalls released its third quarter 2024 financial results, missing consensus estimates and revising downward its full year guidance, attributing the results to "reduced experience levels within [the Company’s] teams, both in production touch labor and supervision." On this news, Huntington Ingalls’ stock price fell $65.53 per share, or 25.4%, to close at $184.96 per share on October 31, 2024. Then, on February 6, 2025, Huntington Ingalls issued a press release reporting its financial results for the fourth quarter and full year 2024. Among other items, Huntington Ingalls reported fourth quarter earnings of only $123 million, or $3.15 per share, compared to $274 million, or $6.90 per share, for the same period in 2023. The Company also reported a year-over-year revenue decline of 5.4% for the quarter. On this news, Huntington Ingalls’s stock price fell $35.83 per share, or 18.32%, to close at $159.75 per share on February 6, 2025.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Huntington Ingalls securities, you can assist this investigation by visiting the firm’s site: bgandg.com/HII. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
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Contact
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Nathan Miller
332-239-2660 | info@bgandg.com
SOURCE: Bronstein, Gewirtz & Grossman, LLC
View the original press release on ACCESS Newswire
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