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.
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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