-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們將12個月目標價下調53美元至395美元，主要原因是利潤率擔憂導致本益比萎縮。鑑於第一季業績令人失望，我們將預期本益比從21.0倍下調至18.5倍，並維持2027年每股收益預期21.33美元不變。過去三年，HII的平均預期本益比為16.5倍，而國防同業的平均預期本益比為26.0倍。儘管我們重申對HII的長期看好，但我們也意識到利潤率壓縮的擔憂，因此將2026年每股收益預期從17.86美元下調至17.40美元。 HII重申了其全年業績指引，預計造船業務收入為97億至99億美元，利潤率為5.5%至6.5%，自由現金流為5億至6億美元。該公司目前擁有高達540億美元的強勁訂單儲備，並預計中期造船業務收入將以每年約6%的速度成長。儘管受新冠疫情前合約的影響，短期內利潤率仍面臨壓力，但鑑於國防開支的強勁增長以及疫情後新艦艇建造工作自2027年開始逐步改善，我們認為長期前景依然樂觀。
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