HII lands USD 5.10 billion Navy order: Bernstein cuts HII stock target

Published on 10/02/2026 at 01:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HII revenue reached USD 3.42 billion in Q2 2026, up 10.90 percent year over year. HII stock's prior close was EUR 244.00 on October 1, 2026.

Isometrisches 3D-Diagramm der Schiffbau-Prozesskette von Stahlwerk über Werft bis zur Flotte — Huntington Ingalls Marineschiffbau Wertschöpfungskette reicht von der Stahlproduktion bis zur fertigen Flotte US4464131063, Illustration mit AI erstellt.

Huntington Ingalls Industries (US4464131063) secured a USD 5.10 billion U.S. Navy contract for the USS Harry S. Truman overhaul, while Bernstein cut its price target from USD 341.00 to USD 327.00. The contract was reported on September 30, 2026, by TradingView, and MarketBeat dated the Bernstein action September 23, 2026.

USD 5.10 billion carrier contract

The award covers refueling and complex overhaul work at HII's Newport News Shipbuilding division. Options could raise the contract value to USD 5.18 billion, according to TradingView.

The same report said the Navy also ordered 10 ROMULUS uncrewed surface vessels. HII said the autonomous platform completed a 420-nautical-mile mission lasting 28 hours, giving the order a technology component alongside the shipyard work.

Second-quarter growth meets cash pressure

For the second quarter of 2026, HII reported USD 3.42 billion revenue, up 10.90 percent from the prior-year quarter, and USD 5.27 adjusted earnings per share against a USD 3.79 consensus estimate. Investing.com also reported that shipbuilding revenue rose 15.70 percent year over year to USD 2.70 billion.

HII raised its fiscal 2026 shipbuilding revenue guidance to USD 10.20 billion to USD 10.40 billion and set its margin outlook at 6.00 percent to 6.50 percent, according to Investing.com. The contrast is important: the operating figures improved, while operating cash flow for the second quarter was negative USD 31.00 million.

Bernstein target falls to USD 327.00

Bernstein kept a Market Perform rating while reducing its target from USD 341.00 to USD 327.00 on September 23, 2026, as reported by MarketBeat. The next earnings report is scheduled for October 29, 2026, according to Investing.com.

Prior close was EUR 244.00

The Lang & Schwarz prior close was EUR 244.00 on October 1, 2026. HII was last at USD 274.33 on the NYSE on October 1, 2026 at 4:00 p.m. ET; market capitalization was USD 10.8 billion, and the 52-week range was USD 256.79 to USD 460.00.