Huntington Ingalls Industries (HII)


Market Price (8/18/2026): $320.62 | Market Cap: $12.7 BilInvestor Relations Sector: Industrials | Industry: Aerospace & Defense

Huntington Ingalls Industries (HII)


Market Price (8/18/2026): $320.62
Market Cap: $12.7 Bil
Sector: Industrials
Industry: Aerospace & Defense

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%

Low stock price volatility
Vol 12M is 38%

Megatrend and thematic drivers
Megatrends include Cybersecurity, Advanced Aviation & Space, and Datacenter Power. Themes include Network Security, Show more.

Weak multi-year price returns
2Y Excs Rtn is -19%, 3Y Excs Rtn is -22%

Key risks
HII key risks include [1] a heavy dependence on the timing and funding of U.S. Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.0%
1 Low stock price volatility
Vol 12M is 38%
2 Megatrend and thematic drivers
Megatrends include Cybersecurity, Advanced Aviation & Space, and Datacenter Power. Themes include Network Security, Show more.
3 Weak multi-year price returns
2Y Excs Rtn is -19%, 3Y Excs Rtn is -22%
4 Key risks
HII key risks include [1] a heavy dependence on the timing and funding of U.S. Show more.

HII in ETFs

Weight = HII's share of each fund

VOO0.02%
IVV0.02%
VTI0.02%
ITOT0.02%
IWB0.02%
RSP0.21%
VIG0.06%
VYM0.05%
+29 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

Huntington Ingalls Industries (HII) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Negative market reaction to fiscal Q1 2026 earnings despite exceeding estimates. On May 5, 2026, Huntington Ingalls Industries' shares dropped over 10% following its fiscal Q1 2026 earnings release, even though the company reported diluted EPS of $3.79 against a consensus estimate of $3.70 and revenue of $3.1 billion, surpassing analyst forecasts of $3.0 billion. This significant price decline at the beginning of the specified period contributed substantially to the overall downward trend.

2. Deterioration in free cash flow and cash on hand. Despite strong top-line and earnings beats in fiscal Q2 2026 (ended June 30, 2026), the company reported negative free cash flow of $150 million, a substantial decrease compared to positive $730 million in the prior-year quarter. Additionally, cash and cash equivalents significantly declined to $12 million by June 30, 2026, from $774 million at December 31, 2025. These cash flow concerns likely weighed on investor sentiment, overshadowing the otherwise positive earnings report.

Show more
Updated on 8/1/2026

Huntington Ingalls Industries (HII) stock has lost about 10% since 4/30/2026 because of the following key factors:

1. Negative market reaction to fiscal Q1 2026 earnings despite exceeding estimates. On May 5, 2026, Huntington Ingalls Industries' shares dropped over 10% following its fiscal Q1 2026 earnings release, even though the company reported diluted EPS of $3.79 against a consensus estimate of $3.70 and revenue of $3.1 billion, surpassing analyst forecasts of $3.0 billion. This significant price decline at the beginning of the specified period contributed substantially to the overall downward trend.

2. Deterioration in free cash flow and cash on hand. Despite strong top-line and earnings beats in fiscal Q2 2026 (ended June 30, 2026), the company reported negative free cash flow of $150 million, a substantial decrease compared to positive $730 million in the prior-year quarter. Additionally, cash and cash equivalents significantly declined to $12 million by June 30, 2026, from $774 million at December 31, 2025. These cash flow concerns likely weighed on investor sentiment, overshadowing the otherwise positive earnings report.

3. Multiple analyst downgrades and reduced price targets. Throughout the period, several financial analysts revised their outlooks for HII. For instance, Weiss Ratings downgraded the stock from a "buy (b-)" to a "hold (c+)" on May 6th. Wall Street Zen also lowered its rating from "buy" to "hold" on May 18th. Furthermore, Citigroup dropped its price objective from $405.00 to $349.00 on July 1st, and TD Cowen reduced its target price from $420.00 to $360.00 on July 13th. These successive negative revisions contributed to investor uncertainty and put downward pressure on the stock.

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Stock Movement Drivers

Fundamental Drivers

The -12.2% change in HII stock from 4/30/2026 to 8/17/2026 was primarily driven by a -19.3% change in the company's P/E Multiple.
(LTM values as of)43020268172026Change
Stock Price ($)362.72318.34-12.2%
Change Contribution By: 
Total Revenues ($ Mil)12,48413,1855.6%
Net Income Margin (%)4.8%5.0%3.4%
P/E Multiple23.619.0-19.3%
Shares Outstanding (Mil)3940-0.5%
Cumulative Contribution-12.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/17/2026
ReturnCorrelation
HII-12.2% 
Market (SPY)7.5%19.2%
Sector (XLI)6.7%23.4%

Fundamental Drivers

The -23.7% change in HII stock from 1/31/2026 to 8/17/2026 was primarily driven by a -34.0% change in the company's P/E Multiple.
(LTM values as of)13120268172026Change
Stock Price ($)417.40318.34-23.7%
Change Contribution By: 
Total Revenues ($ Mil)12,01213,1859.8%
Net Income Margin (%)4.7%5.0%5.8%
P/E Multiple28.819.0-34.0%
Shares Outstanding (Mil)3940-0.5%
Cumulative Contribution-23.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/17/2026
ReturnCorrelation
HII-23.7% 
Market (SPY)12.0%24.7%
Sector (XLI)12.9%35.6%

Fundamental Drivers

The 16.1% change in HII stock from 7/31/2025 to 8/17/2026 was primarily driven by a 14.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258172026Change
Stock Price ($)274.23318.3416.1%
Change Contribution By: 
Total Revenues ($ Mil)11,56913,18514.0%
Net Income Margin (%)4.5%5.0%10.5%
P/E Multiple20.619.0-7.6%
Shares Outstanding (Mil)3940-0.3%
Cumulative Contribution16.1%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/17/2026
ReturnCorrelation
HII16.1% 
Market (SPY)23.3%27.8%
Sector (XLI)23.8%42.6%

Fundamental Drivers

The 47.6% change in HII stock from 7/31/2023 to 8/17/2026 was primarily driven by a 25.6% change in the company's P/E Multiple.
(LTM values as of)73120238172026Change
Stock Price ($)215.69318.3447.6%
Change Contribution By: 
Total Revenues ($ Mil)10,77413,18522.4%
Net Income Margin (%)5.3%5.0%-4.9%
P/E Multiple15.219.025.6%
Shares Outstanding (Mil)40401.0%
Cumulative Contribution47.6%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/17/2026
ReturnCorrelation
HII47.6% 
Market (SPY)74.7%28.7%
Sector (XLI)75.8%41.4%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
HII Return12%26%15%-26%84%-3%117%
Peers Return17%29%-4%18%29%11%144%
S&P 500 Return27%-19%24%23%16%14%107%

Monthly Win Rates [3]
HII Win Rate58%50%50%33%67%50% 
Peers Win Rate57%62%48%60%63%62% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
HII Max Drawdown-20%-14%-16%-37%-23%-41% 
Peers Max Drawdown-16%-17%-24%-18%-16%-29% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: GD, NOC, LMT, RTX, LDOS. See HII Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/17/2026 (YTD)

How Low Can It Go

EventHIIS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-13.0%-9.5%
  % Gain to Breakeven15.0%10.5%
  Time to Breakeven28 days24 days
2023 SVB Regional Banking Crisis
  % Loss-11.5%-6.7%
  % Gain to Breakeven13.0%7.1%
  Time to Breakeven35 days31 days
2020 COVID-19 Crash
  % Loss-34.4%-33.7%
  % Gain to Breakeven52.4%50.9%
  Time to Breakeven757 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.3%-19.2%
  % Gain to Breakeven45.6%23.8%
  Time to Breakeven325 days105 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-13.1%-12.2%
  % Gain to Breakeven15.1%13.9%
  Time to Breakeven32 days62 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-32.6%-17.9%
  % Gain to Breakeven48.4%21.8%
  Time to Breakeven98 days123 days

Compare to GD, NOC, LMT, RTX, LDOS

In The Past

Huntington Ingalls Industries's stock fell -2.9% during the 2025 US Tariff Shock. Such a loss loss requires a 2.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventHIIS&P 500
2020 COVID-19 Crash
  % Loss-34.4%-33.7%
  % Gain to Breakeven52.4%50.9%
  Time to Breakeven757 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-31.3%-19.2%
  % Gain to Breakeven45.6%23.8%
  Time to Breakeven325 days105 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-32.6%-17.9%
  % Gain to Breakeven48.4%21.8%
  Time to Breakeven98 days123 days

Compare to GD, NOC, LMT, RTX, LDOS

In The Past

Huntington Ingalls Industries's stock fell -2.9% during the 2025 US Tariff Shock. Such a loss loss requires a 2.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Huntington Ingalls Industries (HII)

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Huntington Ingalls Industries (HII) stands as the largest military shipbuilder in the United States, specializing in the design, construction, overhaul, and repair of a diverse fleet of vessels. The company's operations are divided into three main segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions, all contributing to critical defense capabilities for the nation.

HII is a primary contractor for the U.S. Navy and U.S. Coast Guard, building a range of non-nuclear ships including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters. In its nuclear-powered shipbuilding division, HII is the exclusive builder of nuclear-powered aircraft carriers and a major builder of nuclear submarines. It also provides essential refueling, overhaul, and inactivation services for these complex nuclear vessels, along with naval nuclear support services for in-service U.S. Navy ships and nuclear reactor prototypes.

Beyond shipbuilding, HII's Technical Solutions segment offers a broad array of services. These include life-cycle sustainment services for the U.S. Navy fleet and other maritime customers, high-end information technology and mission-based solutions for Department of Defense, intelligence, and federal civilian customers, and the development of unmanned systems. Additionally, the company provides nuclear management and operations, and environmental management services for the Department of Energy, other government agencies, and private sector companies, solidifying its role as a diversified defense and national security solutions provider.

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AI Analysis | Feedback

Here are 1-3 brief analogies for Huntington Ingalls Industries (HII):

  • Lockheed Martin for military ships
  • Boeing for naval vessels

AI Analysis | Feedback

  • Non-Nuclear Military Ships: Designs, builds, overhauls, and repairs various non-nuclear military vessels, including amphibious assault ships, expeditionary warfare ships, surface combatants, and national security cutters.
  • Nuclear-Powered Military Ships: Designs, builds, overhauls, and repairs nuclear-powered aircraft carriers and submarines for the U.S. Navy.
  • Ship Lifecycle Support Services: Provides refueling, overhaul, inactivation, and general life-cycle sustainment services for military ships and maritime customers.
  • Naval Nuclear Support Services: Offers specialized design, construction, maintenance, and disposal activities for in-service U.S. Navy nuclear ships and nuclear reactor prototypes.
  • Unmanned Systems: Develops and provides unmanned systems for various defense and maritime applications.
  • Information Technology & Mission Solutions: Delivers high-end information technology and mission-based solutions for defense, intelligence, and federal civilian customers.
  • Nuclear & Environmental Management Services: Provides nuclear management and operations, and environmental management services for government and private sector clients.

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Major Customers of Huntington Ingalls Industries (HII)

Huntington Ingalls Industries (HII) primarily serves various agencies and branches of the United States government. Its major customers include:

  • U.S. Navy (for designing, building, overhauling, and repairing military ships; providing nuclear-powered ships, refueling, overhaul, and inactivation services; offering naval nuclear support services; and delivering life-cycle sustainment services)
  • U.S. Coast Guard (for the design and construction of national security cutters)
  • Department of Defense (DoD) (for high-end information technology and mission-based solutions, including intelligence and federal civilian customers, as well as nuclear management and operations and environmental management services)
  • Department of Energy (DoE) (for nuclear management and operations and environmental management services)
  • State and local governments (for nuclear management and operations and environmental management services)
  • Private sector companies (for nuclear management and operations and environmental management services)

AI Analysis | Feedback

Major Suppliers of Huntington Ingalls Industries (HII):

  • Lockheed Martin Corporation (LMT)
  • RTX Corporation (RTX)
  • L3Harris Technologies, Inc. (LHX)
  • General Electric Company (GE)
  • BAE Systems plc (BAESY)

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Christopher D. Kastner, President and Chief Executive Officer

Christopher D. Kastner was appointed President and Chief Executive Officer of HII in March 2022. Prior to this role, he served as HII's Chief Operating Officer from February 2021 and as Executive Vice President and Chief Financial Officer since March 2016. Before joining HII (which was spun off from Northrop Grumman in 2011), Mr. Kastner held various positions at Northrop Grumman, including vice president, business management, and CFO for Northrop Grumman Shipbuilding-Gulf Coast, and vice president, contracts and risk management, for Northrop Grumman Ship Systems. He also served as corporate director of strategic transactions for Northrop Grumman. Mr. Kastner is a board member of New York Life Insurance Company.

Thomas E. Stiehle, Executive Vice President and Chief Financial Officer

Thomas E. Stiehle was promoted to Executive Vice President and Chief Financial Officer of HII in February 2021. He previously served as vice president and CFO at HII's Ingalls Shipbuilding division from 2012 to 2021. Before that, he was vice president, contracts and pricing for Ingalls. Prior to joining HII in 2011, Mr. Stiehle worked for Northrop Grumman, Aerospace Sector, for 24 years, beginning his career as a design engineer at Grumman Aircraft Corp. He held increasing responsibilities in business management, including contracts and pricing manager, business manager, and director of business management.

Edmond E. Hughes, Executive Vice President and Chief Human Resources Officer

Edmond E. Hughes was promoted to Executive Vice President and Chief Human Resources Officer in February 2022. Before this, he served as vice president of human resources and administration contracts at HII's Ingalls Shipbuilding division and at Northrop Grumman Shipbuilding since 2006. Mr. Hughes previously led human resources at General Motors and TRW Automotive.

Kari Wilkinson, Executive Vice President and President, Newport News Shipbuilding

Kari Wilkinson was named President of Newport News Shipbuilding on January 1, 2025. She previously served as President of HII's Ingalls Shipbuilding division.

Brian Blanchette, Executive Vice President and President, Ingalls Shipbuilding

Brian Blanchette began serving as President of Ingalls Shipbuilding and Vice President of HII on January 1, 2025. Prior to this role, he was the vice president of quality at Ingalls from 2021 to 2024. As president, he is responsible for all programs and operations at Ingalls.

AI Analysis | Feedback

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Huntington Ingalls Industries (HII) faces several key risks inherent to its business as a predominant military shipbuilder for the U.S. government.

  1. Reliance on U.S. Government Contracts and Associated Risks: HII is almost entirely dependent on the U.S. government, primarily the U.S. Navy and U.S. Coast Guard, for its revenue. This dependence exposes the company to risks such as government budgetary constraints, shifts in defense spending priorities, and changes in customer requirements. Delays in government appropriations or the final award of major contracts can create cash flow headwinds. A significant portion of HII's contracts are fixed-price, which makes the company vulnerable to cost overruns if actual costs exceed pricing assumptions due to factors like inflation, supply chain disruptions, and workforce challenges. This can lead to compressed margins.
  2. Workforce Shortages and Rising Labor Costs: The naval shipbuilding industry, including HII, is experiencing acute workforce shortages, exacerbated by the retirement of skilled workers and increasing demand. These shortages and a lowered experience level among its workforce have led to performance challenges, including increased rework and delays in projects like aircraft carrier construction. The company also faces the risk of increased labor costs, as evidenced by recent collective bargaining agreements that included significant wage increases, which could pressure margins if not offset by corresponding productivity and schedule gains.
  3. Supply Chain Disruptions and Rising Material Costs: HII is susceptible to supply chain disruptions and escalating material costs, which can significantly impact project timelines and contract profitability. The company's reliance on a high percentage of single or sole-source suppliers, particularly for its Newport News segment, amplifies this risk. Such disruptions have already led to hampered performance and lower financial guidance in previous periods. HII is actively working on a supply chain roadmap to mitigate these risks, but they remain a persistent challenge.
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Huntington Ingalls Industries (HII) operates in several key markets, primarily serving the U.S. government. The addressable market sizes for its main products and services are detailed below:

Military Shipbuilding (U.S.)

  • The North America naval vessels market is estimated at approximately $22.03 billion in 2025 and is expected to reach about $45.67 billion by 2030, growing at a compound annual growth rate (CAGR) of 15.7% during this period.
  • The global naval shipbuilding market was valued at $104.74 billion in 2026 and is projected to reach $128.07 billion by 2035, with a CAGR of 2.26%. The U.S. naval shipbuilding market accounts for nearly 32% of the total global shipbuilding capacity.
  • The U.S. Coast Guard's Procurement, Construction, and Improvements (PC&I) budget for recapitalizing legacy surface assets was $1.1 billion in the FY 2025 President's Budget, including $530 million for Offshore Patrol Cutters and $216 million for Fast Response Cutters. The FY 2026 President's Budget requests $1.44 billion for surface acquisitions to continue fleet recapitalization. Furthermore, $24.593 billion was provided for fiscal year 2025 for the U.S. Coast Guard to procure new operational assets and systems, maintain existing assets, and enhance infrastructure.

Ship Repair, Maintenance, and Modernization (U.S.)

  • The U.S. ship repair and maintenance services market was valued at $6.55 billion in 2025 and is projected to reach $11.72 billion by 2033, demonstrating a CAGR of 7.52%.
  • Globally, the ship repair and maintenance services market size was valued at $38.82 billion in 2025 and is projected to grow to $58.50 billion by 2034, with a CAGR of 4.80%. North America held a dominant share of 25.50% in this market in 2025, with its valuation at $9.9 billion in 2025 and $10.3 billion in 2026.
  • The global naval vessel Maintenance, Repair, and Overhaul (MRO) market is estimated at $61.38 billion in 2025, with projections to reach $73.66 billion by 2031, growing at a CAGR of 3.09%. Nuclear-powered vessels constituted 53.21% of the spending in this market in 2025.

High-End Information Technology and Mission-Based Solutions (U.S.)

  • The global defense IT spending market was valued at $100.6 billion in 2024 and is projected to reach $137.7 billion by 2033, at a CAGR of 3.55%. North America held the largest market share in this sector.
  • U.S. defense IT spending has been increasing and is expected to reach $38.7 billion by 2022. The U.S. defense IT sector is the largest globally due to significant investments.
  • Within the U.S. defense market, C4ISR (Command, Control, Communications, Computers, Intelligence, Surveillance, and Reconnaissance) and electronic warfare segments together accounted for a 31.25% revenue share in 2025.

Nuclear Management and Operations and Environmental Management Services (U.S.)

  • The U.S. nuclear waste management market was valued at $1.23 billion in 2025 and is projected to reach approximately $1.47 billion by 2034, with a CAGR of 1.97%. North America held the largest market share globally for nuclear waste management, with a 35% share in 2024.
  • Globally, the nuclear waste management market was valued at $4.87 billion in 2024 and is projected to reach $5.87 billion by 2034. Another estimate places the global market at $8.25 billion in 2024, growing to $11.44 billion by 2032.
  • The U.S. federal government is anticipated to owe nuclear utility owners almost $62 billion by 2030 due to its failure to remove spent nuclear fuel.

Unmanned Systems (U.S.)

  • The U.S. unmanned systems market was valued at $9.22 billion in 2025 and is expected to reach $23.77 billion by 2035, growing at a CAGR of 9.94%.
  • The global unmanned systems market was estimated at $26.55 billion in 2024 and is projected to reach $48.31 billion by 2030, at a CAGR of 10.5%. North America accounted for over 45% of the global revenue share in 2024, with the U.S. dominating the North American market with over 65% share.
  • The military and law enforcement applications segment dominated the unmanned systems market in 2025 with a 67% revenue share.

AI Analysis | Feedback

Huntington Ingalls Industries (HII) is expected to experience future revenue growth over the next 2-3 years driven by several key factors:
  • Increased Shipbuilding Volumes: HII anticipates higher production volumes across its core shipbuilding programs. This includes amphibious assault ships and surface combatants at Ingalls Shipbuilding, and nuclear-powered aircraft carriers and submarines (such as Virginia-class and Columbia-class) at Newport News Shipbuilding.
  • Growth in Mission Technologies: The Mission Technologies segment is a significant driver, with expected growth in areas like warfare systems, global security, and unmanned systems. HII is a leading producer of unmanned underwater vehicles for the U.S. Navy.
  • Enhanced Shipbuilding Throughput and Operational Efficiency: HII is focused on improving its production speed and efficiency through workforce improvement initiatives, expanding its Charleston facility, and strategically utilizing contract labor to address critical gaps. The company achieved a 14% throughput improvement in 2025 and targets an additional 15% increase in 2026.
  • Strong Backlog and Continued Government Defense Spending: The company benefits from a substantial backlog and ongoing bipartisan congressional support for defense spending. This includes incremental and block-buy funding for major programs like aircraft carriers, Virginia- and Columbia-class submarines, and new frigate programs, contributing to predictable revenues. The current global security environment also underscores the demand for defense capabilities.
  • Expansion of International Presence: HII is looking to expand its international footprint, with the AUKUS security pact (Australia, UK, US) specifically identified as a potential growth catalyst.

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Share Repurchases

  • On January 31, 2024, Huntington Ingalls Industries (HII) authorized an increase in its share repurchase program from $3.2 billion to $3.8 billion and extended the term of the program to December 31, 2028.
  • HII did not repurchase any shares during 2025.

Outbound Investments

  • On August 19, 2021, HII completed the acquisition of Alion Science and Technology, a technology-driven solutions provider, which expanded HII's capabilities in areas such as ISR, military training and simulation, cyber, and data analytics.
  • On January 27, 2025, HII acquired an advanced manufacturing facility in South Carolina, establishing Newport News Shipbuilding (NNS) - Charleston Operations, to support the construction of nuclear-powered submarine modules and aircraft carrier units for U.S. Navy programs.

Capital Expenditures

  • In 2025, HII invested $396 million in capital expenditures, representing 3.2% of sales, with a primary focus on driving higher throughput in its shipyards and making over $400 million in overall capital improvements.
  • For 2026, HII expects capital expenditures to be approximately 4% to 5% of sales, translating to an estimated $500 million to $600 million, aimed at expanding yard capacity and throughput.
  • In 2024, capital expenditures were reported at $353 million, or 3.1% of sales.

Better Bets vs. Huntington Ingalls Industries (HII)

Peer Outperformance in Aerospace & Defense

HII has trailed 56% of its 54 Aerospace & Defense peers over 5Y. Among the peers that beat it are ATI, MOG-A and CW. Aerospace & Defense ranks 4th of 23 industries in Industrials by median 5Y return.
Share of Aerospace & Defense constituents that HII has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
51%
of 70 industry peers · 21.6% return
3Y
42%
of 60 industry peers · 54.5% return
5Y
44%
of 54 industry peers · 76.4% return
Aerospace & Defense peers with revenue growth within 4pp of HII's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
HII Huntington Ingalls Industries 6.8% 19.0x 21.6%54.5%76.4%
ATI ATI 4.6% 66.4x 219.9%420.7%1131.6% +1,055pp
MOG-A Moog 10.4% 37.4x 134.7%296.7%516.3% +440pp
CW Curtiss-Wright 10.3% 47.5x 43.0%247.8%503.3% +427pp
DCO Ducommun 5.1% -103.2x 124.1%367.9%286.5% +210pp
RTX RTX 10.0% 38.7x 46.0%174.2%190.4% +114pp
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Aerospace & Defense is HII's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Construction & Engineering 31 42.0%141.4%238.2% CDNL 2918% · STRL 2678% · FIX 2490%
Marine Transportation 4 55.0%64.6%167.5% MATX 213% · SFL 176% · KEX 159%
Construction Machinery & Heavy Transportation Equipment 13 17.2%63.0%125.5% CAT 358% · ALSN 267% · WAB 251%
Aerospace & Defense ← 55 20.7%85.0%90.5% DFNS 3422% · ATI 1132% · FTAI 1076%
Industrial Machinery & Supplies & Components 71 18.2%59.9%64.0% CRS 1596% · PSIX 926% · EROC 900%
Passenger Ground Transportation 3 -9.2%54.7%59.0% UBER 83% · CAR 59% · LYFT -65%
Cargo Ground Transportation 16 50.6%17.2%56.8% XPO 297% · R 296% · CVLG 234%
Diversified Support Services 34 12.7%35.9%45.9% LIME 4252% · TH 448% · WLFC 391%
Trading Companies & Distributors 18 7.6%38.7%44.5% DXPE 568% · AIT 324% · URI 256%
Rail Transportation 7 38.9%71.0%42.8% FSTR 119% · CSX 60% · UNP 49%
Electrical Components & Equipment 40 31.2%46.4%33.7% POWL 2706% · BE 1035% · VRT 990%
Building Products 33 -2.9%22.8%33.2% GFF 444% · LMB 414% · PPIH 283%
Industrial Conglomerates 17 25.5%26.7%11.3% RCMT 829% · TTI 214% · CSW 173%
Office Services & Supplies 10 16.6%30.4%7.2% TILE 192% · PBI 163% · EBF 60%
Environmental & Facilities Services 28 -9.6%16.2%5.5% CECO 1102% · ADUR 652% · NVRI 319%
Research & Consulting Services 13 -9.5%-22.4%-4.8% HURN 209% · CRAI 94% · GRNQ 40%
Agricultural & Farm Machinery 17 -10.2%-15.5%-19.3% BLBD 210% · GENC 74% · DE 72%
Passenger Airlines 11 15.4%-0.5%-19.8% LTM 2337% · UAL 171% · SKYW 156%
Data Processing & Outsourced Services 6 -34.2%-15.3%-29.5% EXLS 44% · BR 6% · MMS -29%
Human Resource & Employment Services 21 12.1%-21.9%-33.0% BBSI 78% · ADP 42% · KFY 36%
Air Freight & Logistics 12 -10.0%-2.0%-35.5% CHRW 84% · FDX 68% · EXPD 64%
Security & Alarm Services 10 -29.4%-18.6%-45.9% CIX 109% · MG 94% · BCO 54%
Airport Services 3 -69.4%-67.4%-55.2% JOBY -10% · ASLE -55% · UP -100%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

HIIGDNOCLMTRTXLDOSMedian
NameHuntingt.General .Northrop.Lockheed.RTX Leidos  
Mkt Price318.34391.14570.20593.74221.64142.25354.74
Mkt Cap12.6105.781.0136.7299.417.993.3
Rev LTM13,18554,86142,89277,01493,50017,63448,876
Op Inc LTM6475,6634,5989,15310,4852,0805,130
FCF LTM-856,4473,6468,72910,9852,1635,046
FCF 3Y Avg3074,2462,5266,3367,2081,6453,386
CFO LTM3477,7055,07810,40214,2062,3006,392
CFO 3Y Avg6885,2614,1428,08010,3851,8004,702

Growth & Margins

HIIGDNOCLMTRTXLDOSMedian
NameHuntingt.General .Northrop.Lockheed.RTX Leidos  
Rev Chg LTM14.0%9.1%5.9%7.2%11.8%3.4%8.2%
Rev Chg 3Y Avg6.8%10.3%4.3%4.6%10.0%5.9%6.3%
Rev Chg Q10.9%8.1%5.1%10.5%14.5%7.2%9.3%
QoQ Delta Rev Chg LTM2.6%2.0%1.2%2.5%3.5%1.8%2.2%
Op Inc Chg LTM38.0%9.4%15.6%53.7%26.0%2.9%20.8%
Op Inc Chg 3Y Avg17.8%10.3%11.5%7.5%56.7%21.9%14.7%
Op Mgn LTM4.9%10.3%10.7%11.9%11.2%11.8%11.0%
Op Mgn 3Y Avg5.2%10.2%9.1%10.7%8.3%11.2%9.7%
QoQ Delta Op Mgn LTM0.1%0.1%-0.4%2.0%0.3%-0.4%0.1%
CFO/Rev LTM2.6%14.0%11.8%13.5%15.2%13.0%13.3%
CFO/Rev 3Y Avg5.8%10.3%10.0%11.0%12.5%10.6%10.4%
FCF/Rev LTM-0.6%11.8%8.5%11.3%11.7%12.3%11.5%
FCF/Rev 3Y Avg2.7%8.3%6.1%8.6%8.6%9.7%8.4%

Valuation

HIIGDNOCLMTRTXLDOSMedian
NameHuntingt.General .Northrop.Lockheed.RTX Leidos  
Mkt Cap12.6105.781.0136.7299.417.993.3
P/S1.01.91.91.83.21.01.8
P/Op Inc19.418.717.614.928.68.618.1
P/EBIT13.318.313.716.025.68.914.9
P/E19.023.518.021.738.713.020.4
P/CFO36.213.716.013.121.17.814.8
Total Yield7.0%5.8%7.2%6.9%3.8%8.9%6.9%
Dividend Yield1.7%1.6%1.7%2.3%1.2%1.2%1.6%
FCF Yield 3Y Avg3.2%4.9%3.6%5.6%3.9%10.2%4.4%
D/E0.20.10.20.20.10.40.2
Net D/E0.20.00.20.10.10.30.1

Returns

HIIGDNOCLMTRTXLDOSMedian
NameHuntingt.General .Northrop.Lockheed.RTX Leidos  
1M Rtn18.3%6.1%9.3%16.7%14.9%33.6%15.8%
3M Rtn-2.9%14.5%4.1%13.1%26.9%14.3%13.7%
6M Rtn-23.4%13.5%-18.2%-7.9%12.0%-18.8%-13.1%
12M Rtn21.6%26.9%-0.8%39.4%46.0%-19.1%24.2%
3Y Rtn54.5%85.0%39.3%43.0%174.2%53.2%53.8%
1M Excs Rtn14.4%2.3%5.5%12.8%11.1%29.7%12.0%
3M Excs Rtn-6.5%12.9%1.4%11.3%25.9%10.9%11.1%
6M Excs Rtn-36.7%0.2%-31.5%-21.2%-1.3%-32.1%-26.4%
12M Excs Rtn1.3%6.3%-20.5%19.7%25.9%-39.2%3.8%
3Y Excs Rtn-22.5%10.6%-34.0%-30.3%101.5%-22.1%-22.3%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Newport News6,5075,9696,1335,8525,663
Ingalls3,0782,7672,7522,5702,528
Mission Technologies3,0442,9372,6992,3871,476
Intersegment eliminations-145-138-130-133-143
Total12,48411,53511,45410,6769,524


Operating Income by Segment
$ Mil20252024202320222021
Newport News331246379357352
Ingalls233211362292281
Mission Technologies1531161016350
Intersegment eliminations0000 
Non-current state income taxes-252411-2-13
Operating Financial Accounting Standards (FAS) /Cost Accounting Standards (CAS) Adjustment-35-62-72-145-157
Total657535781565513


Assets by Segment
$ Mil20232022202120202019
Newport News4,6124,3444,1794,1243,886
Mission Technologies3,1613,3473,5531,3791,022
Corporate1,8231,5331,2361,042505
Ingalls1,6191,6331,6591,6121,618
Total11,21510,85710,6278,1577,031


Price Behavior

Price Behavior
Market Price$318.34 
Market Cap ($ Bil)12.6 
First Trading Date03/22/2011 
Distance from 52W High-29.5% 
   50 Days200 Days
DMA Price$295.70$347.37
DMA Trendindeterminatedown
Distance from DMA7.7%-8.4%
 3M1YR
Volatility42.9%38.1%
Downside Capture59.3964.98
Upside Capture34.2973.05
Correlation (SPY)26.7%28.3%
HII Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta2.651.070.730.810.820.69
Up Beta6.502.692.061.401.200.75
Down Beta3.100.971.240.781.010.75
Up Capture265%82%-13%21%61%33%
Bmk +ve Days11223567138427
Stock +ve Days11182861133407
Down Capture15%43%41%97%61%83%
Bmk -ve Days11212859114326
Stock -ve Days11253565119346

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HII
HII21.1%37.9%0.58-
Sector ETF (XLI)24.7%17.0%1.1342.6%
Equity (SPY)20.9%12.8%1.2128.4%
Gold (GLD)32.1%28.5%0.9725.9%
Commodities (DBC)40.1%20.2%1.558.0%
Real Estate (VNQ)14.2%13.9%0.7217.0%
Bitcoin (BTCUSD)-46.9%42.7%-1.3730.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HII
HII11.6%32.1%0.39-
Sector ETF (XLI)14.2%17.6%0.6344.7%
Equity (SPY)13.3%17.2%0.6031.5%
Gold (GLD)20.2%18.5%0.8916.9%
Commodities (DBC)10.3%19.6%0.4115.8%
Real Estate (VNQ)2.2%18.9%0.0128.6%
Bitcoin (BTCUSD)6.3%52.7%0.3115.4%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with HII
HII8.5%31.1%0.33-
Sector ETF (XLI)14.2%20.0%0.6255.6%
Equity (SPY)15.3%17.9%0.7343.4%
Gold (GLD)12.3%16.2%0.629.4%
Commodities (DBC)7.8%18.1%0.3521.0%
Real Estate (VNQ)4.9%20.7%0.2036.6%
Bitcoin (BTCUSD)60.0%66.1%1.0012.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity1.1 Mil
Short Interest: % Change Since 715202611.7%
Average Daily Volume0.7 Mil
Days-to-Cover Short Interest1.7 days
Basic Shares Quantity39.5 Mil
Short % of Basic Shares2.9%

Earnings Returns History

Updated 8/10/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/202614.1%13.3% 
5/5/2026-10.2%-12.6%-20.5%
2/5/2026-10.6%-4.9%4.2%
10/30/20256.9%2.8%3.2%
7/31/20257.9%3.5%6.5%
5/1/2025-1.2%-0.1%-2.6%
2/6/2025-18.3%-16.4%1.0%
10/31/2024-26.2%-18.9%-20.4%
...
SUMMARY STATS   
# Positive101014
# Negative151510
Median Positive4.0%4.0%5.5%
Median Negative-4.3%-5.9%-7.8%
Max Positive14.1%13.3%17.0%
Max Negative-26.2%-18.9%-20.5%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/30/202614.1%13.3% 
5/5/2026-10.2%-12.6%-20.5%
2/5/2026-10.6%-4.9%4.2%
10/30/20256.9%2.8%3.2%
7/31/20257.9%3.5%6.5%
5/1/2025-1.2%-0.1%-2.6%
2/6/2025-18.3%-16.4%1.0%
10/31/2024-26.2%-18.9%-20.4%
8/1/2024-4.6%-9.5%1.0%
5/2/2024-11.5%-10.9%-8.2%
2/1/20243.4%6.1%13.5%
11/2/20235.8%3.4%8.6%
8/3/2023-0.7%-0.1%-2.7%
5/4/2023-2.1%0.8%6.1%
2/9/2023-2.3%-3.2%-7.3%
11/3/2022-3.8%-5.9%-4.6%
8/4/20224.6%3.8%4.5%
5/5/2022-1.1%-7.3%-3.6%
2/10/2022-4.0%-2.5%10.8%
11/4/2021-4.3%-3.1%-8.8%
8/5/20211.4%4.3%2.9%
5/6/20212.6%-0.3%5.0%
2/11/20211.6%6.4%17.0%
11/5/20200.7%4.9%12.0%
8/6/2020-8.9%-8.1%-15.4%
SUMMARY STATS   
# Positive101014
# Negative151510
Median Positive4.0%4.0%5.5%
Median Negative-4.3%-5.9%-7.8%
Max Positive14.1%13.3%17.0%
Max Negative-26.2%-18.9%-20.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/05/202610-Q
12/31/202502/05/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/06/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/01/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/09/202310-K
09/30/202211/03/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202607/30/202610-Q
03/31/202605/05/202610-Q
12/31/202502/05/202610-K
09/30/202510/30/202510-Q
06/30/202507/31/202510-Q
03/31/202505/01/202510-Q
12/31/202402/06/202510-K
09/30/202410/31/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/01/202410-K
09/30/202311/02/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/09/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q
03/31/202205/05/202210-Q
12/31/202102/10/202210-K
09/30/202111/04/202110-Q
06/30/202108/05/202110-Q
03/31/202105/06/202110-Q
12/31/202002/11/202110-K
09/30/202011/05/202010-Q
06/30/202008/06/202010-Q
03/31/202005/07/202010-Q
12/31/201902/13/202010-K
09/30/201911/07/201910-Q

Recent Forward Guidance

Updated 7/31/2026

Latest: Q2 2026 Earnings Reported 7/30/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Shipbuilding Revenue10.20 Bil10.30 Bil10.40 Bil5.1% RaisedGuidance: 9.80 Bil for 2026
2026 Shipbuilding Operating Margin6.0%6.25%6.5% 0.2%RaisedGuidance: 6.0% for 2026
2026 Mission Technologies Revenue3.00 Bil3.10 Bil3.20 Bil0 AffirmedGuidance: 3.10 Bil for 2026
2026 Mission Technologies Segment Operating Margin 5.0%  0AffirmedGuidance: 5.0% for 2026
2026 Mission Technologies EBITDA Margin8.4%8.5%8.6% 0AffirmedGuidance: 8.5% for 2026
2026 Free Cash Flow500.00 Mil550.00 Mil600.00 Mil0 AffirmedGuidance: 550.00 Mil for 2026

Prior: Q1 2026 Earnings Reported 5/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 HII Revenue Growth 6.0%  0.0%AffirmedGuidance: 6.0% for 2026
2026 Shipbuilding Revenue Growth 6.0%  0.0%AffirmedGuidance: 6.0% for 2026
2026 Mission Technologies Revenue Growth 5.0%  0.0%AffirmedGuidance: 5.0% for 2026
2026 Shipbuilding Revenue97.00 Bil9.80 Bil9.90 Bil0.0% AffirmedGuidance: 9.80 Bil for 2026
2026 Shipbuilding Operating Margin5.5%6.0%6.5% 0.0%AffirmedGuidance: 6.0% for 2026
2026 Mission Technologies Revenue3.00 Bil3.10 Bil3.20 Bil0.0% AffirmedGuidance: 3.10 Bil for 2026
2026 Mission Technologies Segment Operating Margin 5.0%  0.0%AffirmedGuidance: 5.0% for 2026
2026 Mission Technologies EBITDA Margin8.4%8.5%8.6% 0.0%AffirmedGuidance: 8.5% for 2026
2026 Free Cash Flow 550.00 Mil 0.0% AffirmedGuidance: 550.00 Mil for 2026

Q4 2025 Earnings Reported 2/5/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Revenue Growth 6.0%    
2026 Shipbuilding Revenue Growth 6.0%    
2026 Mission Technologies Revenue Growth 5.0%    
2026 Revenue3.00 Bil3.10 Bil3.20 Bil1.6% Higher NewActual: 3.05 Bil for 2025
2026 Operating Margin 5.0%  0.5%Higher NewActual: 4.5% for 2025
2026 EBITDA Margin8.4%8.5%8.6% 0.2%Higher NewActual: 8.25% for 2025
2026 Free Cash Flow500.00 Mil550.00 Mil600.00 Mil-8.3% Lower NewActual: 600.00 Mil for 2025

Q3 2025 Earnings Reported 10/30/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2025 Shipbuilding Revenue9.00 Bil9.05 Bil9.10 Bil0.6% RaisedGuidance: 9.00 Bil for 2025
2025 Shipbuilding Operating Margin5.5%6.0%6.5% 0.0%AffirmedGuidance: 6.0% for 2025
2025 Mission Technologies Revenue3.00 Bil3.05 Bil3.10 Bil1.7% RaisedGuidance: 3.00 Bil for 2025
2025 Mission Technologies Segment Operating Margin 4.5%  0.2%RaisedGuidance: 4.25% for 2025
2025 Mission Technologies EBITDA Margin8.0%8.25%8.5% 0.0%AffirmedGuidance: 8.25% for 2025
2025 Free Cash Flow550.00 Mil600.00 Mil650.00 Mil9.1% RaisedGuidance: 550.00 Mil for 2025

Insider Activity

Updated 8/11/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kastner, Christopher DDirector, President & CEODirectSell8112026324.9213,0704,246,7043,646,886Form
2Harker, Victoria D DirectSell8112026333.17723240,878744,957Form
3Hughes, Edmond E JREx VP & Chief HR OfficerDirectSell5292026319.583,5001,118,5342,681,647Form
4Stiehle, Thomas EEx. VP and CFODirectSell3092026430.544,5001,937,43010,743,532Form
5Boudreaux, Chad NEx VP & Chief Legal OfficerDirectSell3092026422.454,4001,858,7808,601,095Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Kastner, Christopher DDirector, President & CEODirectSell8112026324.9213,0704,246,7043,646,886Form
2Harker, Victoria D DirectSell8112026333.17723240,878744,957Form
3Hughes, Edmond E JREx VP & Chief HR OfficerDirectSell5292026319.583,5001,118,5342,681,647Form
4Stiehle, Thomas EEx. VP and CFODirectSell3092026430.544,5001,937,43010,743,532Form
5Boudreaux, Chad NEx VP & Chief Legal OfficerDirectSell3092026422.454,4001,858,7808,601,095Form
6Chewning, Eric DEVP, Maritime Sys & Corp STRDirectSell3052026433.441,700736,848844,986Form
7Schuck, Nicolas GCorp VP, Controller & CAODirectSell3032026457.391,720786,7111,019,880Form
8Green, Edgar A IiiEx VP, Pres. HII Mission TechDirectSell3032026457.744,4482,035,9793,300,356Form
9Boudreaux, Chad NEx VP & Chief Legal OfficerDirectSell11282025314.17787247,2166,422,051Form
10Hughes, Edmond E JREx VP & Chief HR OfficerDirectSell11212025315.44850268,1242,754,112Form
11Kastner, Christopher DDirector, President & CEOHeld in the Kastner Family TrustSell11132025321.0615,0004,815,90021,876,735Form
12Schuck, Nicolas GCorp VP, Controller & CAODirectSell11062025314.36466146,389760,252Form
13Harker, Victoria D DirectSell11062025316.611,000316,605798,794Form
14Stanage, Nick L DirectBuy9022025272.783,500954,730954,730Form
15Harker, Victoria D DirectSell8062025268.631,000268,630907,701Form
16Green, Edgar A IiiEx VP, Pres. HII Mission TechDirectSell8052025265.644,2071,117,4271,872,666Form

Investor Activity (13F)

Updated Aug 18, 2026
13F holdings as of Mar 31, 2026 (Q1 2026)

Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Investment Management Associates Inc /Adv$43.7 Mil11.8%27Hold13F
Forest Avenue Capital Management LP$31.5 Mil2.0%25New13F
Alpha Wave Global, LP$6.7 Mil0.8%20TRIM -42.5%13F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Forest Avenue Capital Management LP$31.5 Mil2.0%25New13F
Active ManagerValue% of PortfolioTotal PositionsQoQAs OfFiling
Sound Shore Management Inc /CT/$69.5 Mil2.2%37ExitedDec 31, 202513F
Sunriver Management LLC$39.2 Mil4.1%23ExitedDec 31, 202513F
Newbrook Capital Advisors LP$36.2 Mil4.5%20ExitedDec 31, 202513F
KADENSA CAPITAL Ltd$25.2 Mil2.6%43ExitedDec 31, 202513F
Alpha Wave Global, LP$6.7 Mil0.8%20TRIM -42.5%Mar 31, 202613F
Active ManagerValue% of PortfolioTotal PositionsQoQFiling
Investment Management Associates Inc /Adv$43.7 Mil11.8%27Hold13F
Forest Avenue Capital Management LP$31.5 Mil2.0%25New13F
Alpha Wave Global, LP$6.7 Mil0.8%20TRIM -42.5%13F
Core Cache Last Updated: 8/17/2026