** U.S. shipbuilder Huntington Ingalls' HII.N shares rise 11.9% to $192.9 premarket

** President Donald Trump to create office of shipbuilding, offer tax incentives

** HII has a trailing 12-months P/E ratio of 12.36 - LSEG data

** It has an enterprise multiple of 10.40 vs industry median of 10.02

** HII has missed quarterly profit estimates in 3 of the last 5 quarters

** 2 of 13 brokerages rate the stock "buy" or higher, 9 "hold" and 2 "sell" or lower; their median PT is $187.5 - LSEG

** HII shares fell 27.2% in 2024

** YTD, stock is down 8.8% vs 3.4% rise in the S&P 500 Aerospace & Defense index .SPLRCAED

(Reporting by Abhinav Parmar in Bengaluru)

((Abhinav.Parmar@thomsonreuters.com;))