Investigation in Progress — No Complaint Filed Yet
BG&G is actively investigating potential securities fraud claims against Huntington Ingalls Industries, Inc.. If a complaint is filed, this page will be updated. Investors are encouraged to contact us now to preserve their rights.
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.
The investigation concerns whether Huntington Ingalls has violated federal securities laws.
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. You can also contact Peretz Bronstein or his client relations manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660
HII — Stock Performance
About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
“Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace.”