Huntington Ingalls Industries, Inc. (NYSE:HII) Sees Large Decline in Short Interest
Huntington Ingalls Industries, Inc. (NYSE:HII – Get Free Report) saw a large decline in short interest during the month of November. As of November 30th, there was short interest totalling 491,600 shares, a decline of 30.4% from the November 15th total of 706,800 shares. Based on an average trading volume of 271,000 shares, the short-interest ratio is currently 1.8 days. Approximately 1.3% of the company’s shares are sold short.
Insider Buying and Selling at Huntington Ingalls Industries
In related news, VP D R. Wyatt sold 320 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $228.53, for a total transaction of $73,129.60. Following the transaction, the vice president now directly owns 20,000 shares in the company, valued at $4,570,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, VP Jennifer R. Boykin sold 567 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $239.00, for a total value of $135,513.00. Following the transaction, the vice president now directly owns 9,053 shares of the company’s stock, valued at approximately $2,163,667. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP D R. Wyatt sold 320 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $228.53, for a total value of $73,129.60. Following the sale, the vice president now directly owns 20,000 shares of the company’s stock, valued at approximately $4,570,600. The disclosure for this sale can be found here. 2.30% of the stock is currently owned by insiders.
Institutional Trading of Huntington Ingalls Industries
Large investors have recently modified their holdings of the company. HighTower Advisors LLC increased its position in Huntington Ingalls Industries by 1.2% in the 1st quarter. HighTower Advisors LLC now owns 7,072 shares of the aerospace company’s stock valued at $1,403,000 after acquiring an additional 87 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Huntington Ingalls Industries by 27.5% during the first quarter. D.A. Davidson & CO. now owns 1,467 shares of the aerospace company’s stock valued at $293,000 after purchasing an additional 316 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Huntington Ingalls Industries during the first quarter valued at about $60,000. MetLife Investment Management LLC lifted its holdings in Huntington Ingalls Industries by 23.0% in the first quarter. MetLife Investment Management LLC now owns 10,885 shares of the aerospace company’s stock worth $2,171,000 after purchasing an additional 2,035 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Huntington Ingalls Industries by 6.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,360 shares of the aerospace company’s stock valued at $1,069,000 after buying an additional 332 shares in the last quarter. Institutional investors and hedge funds own 89.18% of the company’s stock.
Huntington Ingalls Industries Stock Performance
Shares of HII traded down $2.28 during mid-day trading on Friday, hitting $253.55. The stock had a trading volume of 1,256,614 shares, compared to its average volume of 327,251. Huntington Ingalls Industries has a fifty-two week low of $188.51 and a fifty-two week high of $258.56. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.59. The company has a market cap of $10.07 billion, a PE ratio of 19.11, a PEG ratio of 2.20 and a beta of 0.62. The company’s fifty day simple moving average is $232.29 and its two-hundred day simple moving average is $223.39.
Huntington Ingalls Industries (NYSE:HII – Get Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $3.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.39 by $0.31. Huntington Ingalls Industries had a net margin of 4.78% and a return on equity of 14.69%. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.73 billion. On average, equities analysts expect that Huntington Ingalls Industries will post 14.59 earnings per share for the current year.
Huntington Ingalls Industries Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Friday, November 24th were given a $1.30 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.24. This represents a $5.20 annualized dividend and a yield of 2.05%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 39.19%.
Wall Street Analyst Weigh In
Several research analysts have commented on HII shares. Deutsche Bank Aktiengesellschaft began coverage on Huntington Ingalls Industries in a research report on Wednesday, September 27th. They issued a “hold” rating and a $217.00 price objective on the stock. JPMorgan Chase & Co. upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $250.00 to $247.00 in a report on Thursday, September 28th. Finally, StockNews.com upgraded Huntington Ingalls Industries from a “buy” rating to a “strong-buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and an average price target of $232.50.
Get Our Latest Stock Analysis on HII
Huntington Ingalls Industries Company Profile (Get Free Report)
Huntington Ingalls Industries, Inc engages in designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.
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