Short Interest in Huntington Ingalls Industries Inc (NYSE:HII) Increases By 10.8%

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Huntington Ingalls Industries Inc (NYSE:HII) was the target of a significant growth in short interest in August. As of August 31st, there was short interest totalling 1,104,300 shares, a growth of 10.8% from the July 31st total of 997,000 shares. Currently, 2.7% of the company’s stock are short sold. Based on an average daily volume of 295,000 shares, the days-to-cover ratio is currently 3.7 days.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $228.68, for a total transaction of $428,546.32. Following the sale, the vice president now owns 34,033 shares of the company’s stock, valued at $7,782,666.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.65% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of HII. Front Row Advisors LLC raised its holdings in Huntington Ingalls Industries by 610.5% in the first quarter. Front Row Advisors LLC now owns 135 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 116 shares in the last quarter. Zions Bancorporation N.A. raised its holdings in Huntington Ingalls Industries by 1,260.0% in the second quarter. Zions Bancorporation N.A. now owns 136 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 126 shares in the last quarter. Doyle Wealth Management acquired a new stake in Huntington Ingalls Industries in the second quarter valued at approximately $38,000. Meridian Wealth Management LLC acquired a new stake in Huntington Ingalls Industries in the first quarter valued at approximately $39,000. Finally, HM Payson & Co. acquired a new stake in Huntington Ingalls Industries in the second quarter valued at approximately $42,000. 86.82% of the stock is currently owned by hedge funds and other institutional investors.

HII has been the topic of several research reports. Buckingham Research reduced their price target on shares of Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a research report on Monday, August 5th. Finally, Bank of America reduced their price target on shares of Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. Huntington Ingalls Industries has a consensus rating of “Hold” and an average target price of $240.10.

NYSE:HII traded up $1.52 during mid-day trading on Friday, hitting $218.31. The stock had a trading volume of 214,527 shares, compared to its average volume of 224,721. The stock has a 50-day simple moving average of $211.92 and a two-hundred day simple moving average of $214.29. The company has a market capitalization of $9.01 billion, a PE ratio of 11.44 and a beta of 1.17. Huntington Ingalls Industries has a twelve month low of $173.80 and a twelve month high of $262.32. The company has a current ratio of 1.12, a quick ratio of 1.05 and a debt-to-equity ratio of 1.15.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, August 1st. The aerospace company reported $3.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.56 by ($0.49). The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.13 billion. Huntington Ingalls Industries had a net margin of 8.04% and a return on equity of 42.07%. The firm’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $5.40 EPS. Sell-side analysts predict that Huntington Ingalls Industries will post 13.96 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $3.44 annualized dividend and a yield of 1.58%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 18.02%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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