Secretary of War Pete Hegseth visited HII's Newport News Shipbuilding, highlighting the importance of shipbuilders in national defense.
Quiver AI Summary
HII (NYSE: HII) welcomed Secretary of War Pete Hegseth to its Newport News Shipbuilding division as part of his "Arsenal of Freedom" tour. During the visit, Hegseth emphasized the essential role of shipbuilders in supporting U.S. Navy operations, highlighting the direct connection between their work and the safety of American sailors. HII CEO Chris Kastner expressed gratitude for Hegseth's recognition of the shipbuilders' critical contributions and outlined the company's efforts to boost hiring, retention, and proficiency rates to enhance shipbuilding efficiency. Hegseth toured submarines under construction and the aircraft carrier John F. Kennedy, witnessing advancements in technology and production processes aimed at increasing output amidst growing demand. HII also launched a distributed shipbuilding initiative to improve capacity and maintain schedule adherence, reinforcing its commitment to national defense and the security of U.S. interests globally.
Potential Positives
- HII hosted Secretary of War Pete Hegseth, emphasizing the company's critical role in national defense and enhancing its visibility and credibility in the defense industry.
- The visit highlighted the importance of shipbuilders’ work in directly supporting American military personnel, reinforcing employee morale and commitment.
- CEO Chris Kastner provided insights into HII's initiatives to improve efficiency and throughput in shipbuilding, indicating positive growth and responsiveness to increasing demand.
- HII's partnerships with 23 additional shipyards and international manufacturers demonstrate a proactive approach to expanding capacity and meeting U.S. Navy needs effectively.
Potential Negatives
- The mention of a "56-hour standard work week" could raise concerns about employee work-life balance and potential burnout among the workforce.
- The emphasis on distributed shipbuilding initiatives may indicate current capacity issues or challenges in meeting existing demand without additional support.
- HII’s need to partner with 23 other shipyards and fabricators to improve schedule adherence suggests potential inefficiencies or delays in their current operations.
FAQ
What was the purpose of Secretary Hegseth's visit to HII?
Secretary Hegseth visited HII as part of his “Arsenal of Freedom” industry tour to engage with shipbuilders and leadership.
What did Hegseth communicate to the shipbuilders?
Hegseth emphasized the critical link between their work and the safety of U.S. sailors, stating, "We are in this fight together."
How is HII improving its shipbuilding efficiency?
HII is increasing hiring, retention, and workforce proficiency to enhance shipbuilding throughput and meet demand for ships.
What major projects were highlighted during Hegseth's tour?
Hegseth toured the construction of Columbia and Virginia-class submarines, and the aircraft carrier John F. Kennedy (CVN 79).
How many employees does HII have and where are they located?
HII has 44,000 employees, making it the largest industrial employer in Virginia and Mississippi.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 8 times in the past 6 months. Of those trades, 1 have been purchases and 7 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- CHRISTOPHER D KASTNER (Director, President & CEO) sold 15,000 shares for an estimated $4,815,900
- EDGAR A III GREEN (Ex VP, Pres. HII Mission Tech) sold 4,206 shares for an estimated $1,117,427
- NICK L STANAGE purchased 3,500 shares for an estimated $954,729
- VICTORIA D HARKER has made 0 purchases and 2 sales selling 2,000 shares for an estimated $585,235.
- EDMOND E. JR. HUGHES (Ex VP & Chief HR Officer) sold 850 shares for an estimated $268,124
- CHAD N. BOUDREAUX (Ex VP & Chief Legal Officer) sold 786 shares for an estimated $247,215
- NICOLAS G SCHUCK (Corp VP, Controller & CAO) sold 465 shares for an estimated $146,389
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$HII Revenue
$HII had revenues of $3.2B in Q3 2025. This is an increase of 16.11% from the same period in the prior year.
You can track HII financials on Quiver Quantitative's HII stock page.
$HII Hedge Fund Activity
We have seen 384 institutional investors add shares of $HII stock to their portfolio, and 272 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AQR CAPITAL MANAGEMENT LLC added 490,587 shares (+509.2%) to their portfolio in Q3 2025, for an estimated $141,244,903
- MAVERICK CAPITAL LTD removed 386,533 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $111,286,716
- UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 313,694 shares (+234.4%) to their portfolio in Q3 2025, for an estimated $90,315,639
- FMR LLC removed 277,046 shares (-7.2%) from their portfolio in Q3 2025, for an estimated $79,764,313
- CITADEL ADVISORS LLC removed 217,092 shares (-93.1%) from their portfolio in Q3 2025, for an estimated $62,502,957
- UBS GROUP AG removed 205,315 shares (-25.1%) from their portfolio in Q3 2025, for an estimated $59,112,241
- ORION PORFOLIO SOLUTIONS, LLC removed 191,850 shares (-98.0%) from their portfolio in Q3 2025, for an estimated $55,235,533
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$HII Analyst Ratings
Wall Street analysts have issued reports on $HII in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Citigroup issued a "Buy" rating on 12/12/2025
- Goldman Sachs issued a "Buy" rating on 10/31/2025
- TD Cowen issued a "Buy" rating on 10/31/2025
To track analyst ratings and price targets for $HII, check out Quiver Quantitative's $HII forecast page.
$HII Price Targets
Multiple analysts have issued price targets for $HII recently. We have seen 6 analysts offer price targets for $HII in the last 6 months, with a median target of $346.0.
Here are some recent targets:
- John Godyn from Citigroup set a target price of $376.0 on 12/12/2025
- Seth Seifman from JP Morgan set a target price of $342.0 on 11/03/2025
- Gautam Khanna from TD Cowen set a target price of $350.0 on 10/31/2025
- Noah Poponak from Goldman Sachs set a target price of $356.0 on 10/31/2025
- Ronald Epstein from B of A Securities set a target price of $260.0 on 08/13/2025
- David Strauss from Barclays set a target price of $295.0 on 08/04/2025
Full Release
NEWPORT NEWS, Va., Jan. 05, 2026 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted Secretary of War Pete Hegseth at its Newport News Shipbuilding division today. The visit is part of Hegseth’s “Arsenal of Freedom” industry tour.
During his visit to the shipyard, Hegseth met with HII and shipyard leadership and spent significant time interacting directly with shipbuilders and sailors.
“Our warfighters cannot win without you,” Hegseth told shipbuilders. “We are in this fight together, shoulder to shoulder.”
“There is an unbreakable line tying the wrench in your hand to the safety and survival of a 22-year-old American sailor patrolling the depths of the Pacific. The quality of your work, your unwavering commitment to excellence, your speed, your patriotism itself. You give our warrior the decisive edge.”
Photos accompanying this release are available at: http://hii.com/news/hii-hosts-secretary-of-war-pete-hegseth-at-newport-news-shipbuilding/ .
“I want to thank Secretary Hegseth for his visit today, and for reinforcing to shipbuilders directly the critical importance of the work they do for the Navy and the nation,” HII CEO and President Chris Kastner said. “Speed matters. Over the past year, in partnership with our government customers, we've taken steps to measurably increase our hiring, grow our retention, and most importantly, improve proficiency levels within our workforce. These actions are yielding a meaningful increase in shipbuilding throughput. With more than 40 ships at Ingalls and NNS in active construction or modernization, our focus in 2026 is on building on this momentum. Every improvement in our operations, every efficiency we unlock, every day we reduce from a schedule translates directly into capability the Navy can deploy to the front line of deterrence and defense, to protect American interests.”
Hegseth saw firsthand how NNS is leveraging technology and state-of-the-art facilities to execute serial-module-production for both Columbia – and Virginia -class submarines and toured these submarines in various stages of construction, from early construction to final assembly and test. He also toured construction progress and met with sailors on aircraft carrier John F. Kennedy (CVN 79), undergoing final outfitting and testing at NNS. The ship will be the world's most lethal aircraft carrier upon delivery to the U.S. Navy.
To increase shipbuilding throughput and meet the increased demand for ships, HII recently embarked on a distributed shipbuilding initiative to improve schedule adherence by partnering with 23 shipyards and fabricators beyond the company’s traditional labor market. HII also forged partnerships with international manufacturers to explore meaningful ways to expand capacity including evaluation of adding an additional shipyard in the U.S. At NNS in 2025, shipbuilders also modified shifts to support a 56-hour standard work week in order to finish the year strong.
At 44,000 employees, HII is the largest industrial employer in Virginia and Mississippi. It is also the largest producer of unmanned underwater vehicles for the U.S. Navy, and the world.
About HII
HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.
As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.hii.com
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
Contact:
Todd Corillo
[email protected]
(757) 688-3220
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e23c970-7632-45ea-b177-b0e50e5d2c98