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

Huntington Ingalls Industries, Inc. (NYSE:HII) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,284,905 shares, a drop of 14.1% from the January 15th total of 1,495,357 shares. Based on an average trading volume of 535,700 shares, the days-to-cover ratio is presently 2.4 days. Currently, 3.3% of the company’s shares are sold short. Currently, 3.3% of the company’s shares are sold short. Based on an average trading volume of 535,700 shares, the days-to-cover ratio is presently 2.4 days.

Huntington Ingalls Industries Stock Down 0.4%

Huntington Ingalls Industries stock traded down $1.58 during trading hours on Tuesday, hitting $417.20. 519,732 shares of the stock traded hands, compared to its average volume of 652,309. Huntington Ingalls Industries has a one year low of $164.68 and a one year high of $436.14. The firm’s 50-day moving average price is $380.64 and its two-hundred day moving average price is $320.46. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The company has a market cap of $16.37 billion, a PE ratio of 27.14, a PEG ratio of 1.71 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.72 by $0.32. The firm had revenue of $3.48 billion during the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.15 EPS. On average, research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $5.52 annualized dividend and a yield of 1.3%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 850 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $315.44, for a total value of $268,124.00. Following the transaction, the vice president owned 8,731 shares in the company, valued at approximately $2,754,106.64. This trade represents a 8.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $314.17, for a total transaction of $247,251.79. Following the sale, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. CYBER HORNET ETFs LLC purchased a new position in Huntington Ingalls Industries during the 2nd quarter valued at about $25,000. Rakuten Securities Inc. increased its stake in shares of Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. SouthState Corp lifted its holdings in shares of Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 93 shares during the last quarter. Anchor Investment Management LLC boosted its position in shares of Huntington Ingalls Industries by 400.0% in the 2nd quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 100 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after purchasing an additional 41 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HII has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $370.38.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.