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Valued at a market cap of $7.8 billion, Huntington Ingalls Industries, Inc. (HII) designs, builds, overhauls, and repairs military ships in the United States. The Virginia-based company also provides a wide range of professional services, including defense and federal solutions, nuclear and environmental services, and unmanned systems.
Shares of this shipbuilding company have significantly underperformed the broader market over the past 52 weeks. HII has declined 16.9% over this time frame, while the broader S&P 500 Index ($SPX) has gained 32.1%. Moreover, the stock is down nearly 23.8%, compared to SPX’s 26.2% gain on a YTD basis.