Huntington Ingalls Industries, Inc. (NYSE:HII) Short Interest Update

Huntington Ingalls Industries, Inc. (NYSE:HII) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 714,100 shares, an increase of 31.2% from the July 15th total of 544,400 shares. Based on an average daily trading volume, of 278,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

HII has been the subject of a number of recent research reports. Citigroup started coverage on shares of Huntington Ingalls Industries in a report on Monday, May 20th. They issued a “buy” rating and a $310.00 price objective for the company. StockNews.com cut Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $278.00.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock traded up $0.94 during trading hours on Friday, reaching $270.57. 208,497 shares of the stock were exchanged, compared to its average volume of 302,368. The stock has a 50 day moving average of $256.14 and a two-hundred day moving average of $267.46. The company has a market cap of $10.67 billion, a P/E ratio of 15.25, a price-to-earnings-growth ratio of 2.28 and a beta of 0.53. The company has a current ratio of 0.82, a quick ratio of 0.89 and a debt-to-equity ratio of 0.41. Huntington Ingalls Industries has a twelve month low of $199.11 and a twelve month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business posted $3.27 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts expect that Huntington Ingalls Industries will post 16.32 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.92%. Huntington Ingalls Industries’s dividend payout ratio is currently 29.31%.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 1,500 shares of the business’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $256.07, for a total value of $384,105.00. Following the completion of the sale, the vice president now directly owns 8,135 shares in the company, valued at approximately $2,083,129.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Huntington Ingalls Industries during the second quarter worth $26,000. American National Bank acquired a new position in Huntington Ingalls Industries in the 1st quarter worth about $30,000. Riverview Trust Co bought a new position in Huntington Ingalls Industries in the first quarter valued at about $30,000. Fidelis Capital Partners LLC bought a new stake in shares of Huntington Ingalls Industries during the first quarter worth about $31,000. Finally, Larson Financial Group LLC grew its holdings in shares of Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs 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.