Huntington Ingalls Industries Inc (HII) Short Interest Down 34.3% in November

Huntington Ingalls Industries Inc (NYSE:HII) was the recipient of a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 438,812 shares, a drop of 34.3% from the November 15th total of 668,261 shares. Approximately 1.0% of the company’s shares are short sold. Based on an average daily volume of 208,431 shares, the days-to-cover ratio is currently 2.1 days.

HII has been the topic of a number of recent analyst reports. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Credit Suisse Group restated a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Cowen restated a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Finally, Citigroup restated a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Huntington Ingalls Industries has an average rating of “Hold” and a consensus target price of $222.57.

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $240.33, for a total transaction of $192,264.00. Following the transaction, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Philip M. Bilden bought 2,200 shares of Huntington Ingalls Industries stock in a transaction on Friday, November 24th. The shares were bought at an average price of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Howe & Rusling Inc. raised its position in Huntington Ingalls Industries by 4,844.4% in the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock valued at $101,000 after buying an additional 436 shares during the last quarter. Toronto Dominion Bank raised its position in Huntington Ingalls Industries by 6.8% in the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock valued at $105,000 after buying an additional 36 shares during the last quarter. Global X Management Co. LLC acquired a new stake in Huntington Ingalls Industries in the 2nd quarter valued at approximately $125,000. Pacer Advisors Inc. raised its position in Huntington Ingalls Industries by 7.0% in the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock valued at $165,000 after buying an additional 58 shares during the last quarter. Finally, Sigma Planning Corp acquired a new stake in Huntington Ingalls Industries in the 3rd quarter valued at approximately $214,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Huntington Ingalls Industries (NYSE:HII) opened at $237.44 on Friday. Huntington Ingalls Industries has a 1-year low of $183.38 and a 1-year high of $253.44. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $10,773.09, a PE ratio of 17.93, a PEG ratio of 1.31 and a beta of 1.17.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.78 by $0.49. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The business had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the business posted $2.27 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 10.7% on a year-over-year basis. analysts forecast that Huntington Ingalls Industries will post 12.09 earnings per share for the current fiscal year.

Huntington Ingalls Industries declared that its board has authorized a stock buyback plan on Tuesday, November 7th that allows the company to buyback $1.00 billion in outstanding shares. This buyback authorization allows the aerospace company to reacquire shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Stockholders of record on Friday, November 24th were issued a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Wednesday, November 22nd. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s payout ratio is 21.75%.

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Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

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