NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP announces that it is investigating potential claims against Huntington Ingalls Industries, Inc. (“Huntington Ingalls” or the “Company”) (NYSE: HII). The investigation concerns whether Huntington Ingalls and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
[Click here to learn more about the investigation]
On October 31, 2024, Huntington Ingalls announced its third quarter 2024 financial results, missing analyst estimates and revising downward its full year guidance. The Company attributed the results to “reduced experience levels within [the Company’s] teams, both in production touch labor and supervision.”
On this news, the price of Huntington Ingall shares declined by $65.53 per share, or approximately 26.2%, from $250.49 per share on October 30, 2024 to close at $184.96 on October 31, 2024.
If you purchased or otherwise acquired Huntington Ingall securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or by filling out this CONTACT FORM, to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm’s efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
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