Goldman Sachs Adds Huntington Ingalls Industries to US Conviction List
Goldman Sachs added Huntington Ingalls Industries (HII) to its US Conviction List on October 1, 2026. This endorsement from a leading investment firm reflects confidence in HII's strategic role in U.S. Navy shipbuilding and long-term growth prospects amid evolving defense priorities.
Huntington Ingalls Industries is the largest military shipbuilder in the United States, specializing in designing, building, and overhauling nuclear and non-nuclear ships for the U.S. Navy and Coast Guard. The company operates two primary shipbuilding divisions, Ingalls Shipbuilding in Mississippi and Newport News Shipbuilding in Virginia, alongside its Mission Technologies segment, which provides unmanned systems, fleet sustainment, and IT solutions.
Goldman Sachs maintains a Buy rating on HII shares with a price target of $439, suggesting that the stock's growth potential is significant. However, the company's current Price-to-Sales ratio stands at 0.8x, which is below its historical median of approximately 0.9x and industry averages.
Despite some financial challenges, HII's GF Score™ is a strong 81/100, indicating solid overall fundamentals. The firm's strongest areas are valuation and profitability, with a top decile valuation rank reflecting the stock's attractive price multiples relative to historical norms and peers.