Frank Rossoto Stocktrek/DigitalVision via Getty Images When one thinks of defense contractors, top names like Lockheed Martin ( LMT ) and Raytheon Technologies ( RTX ) may first come to mind. However, what often gets ignored is the moat-worthy shipbuilder, Huntington Ingalls (NYSE: HII ), which is sometimes referred to as the "Lockheed of the Seas". It’s been a while since my last bullish take on the stock back in the middle of 2021, and it’s fared better than the S&P 500 ( SPY ), giving investors downside protection. This is reflected by its 6% total return over this time frame, which is ahead of the 4% decline in the S&P 500. Recently, HII’s stock price has taken a dip since reaching a near term high of $240 back in December, and in this article, I highlight why the stock is a buy for potentially strong total returns, so let’s get started. HII Stock (Seeking Alpha) Why HII? Huntington Ingalls has been around for over a century and came to its current form when it was spun off from Northrop Grumman ( NOC ) in 2011. Its shipbuilding divisions in Virginia and Mississippi have built more ships in more […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
