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

Huntington Ingalls Industries, Inc. (NYSE:HII) was the recipient of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 880,600 shares, a growth of 17.1% from the November 15th total of 751,800 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 503,100 shares, the short-interest ratio is currently 1.8 days.

Huntington Ingalls Industries Trading Up 3.3 %

Shares of Huntington Ingalls Industries stock traded up $6.37 during trading hours on Monday, hitting $198.51. The company’s stock had a trading volume of 423,333 shares, compared to its average volume of 355,473. Huntington Ingalls Industries has a twelve month low of $184.29 and a twelve month high of $299.50. The firm has a fifty day moving average of $217.57 and a 200-day moving average of $245.30. The stock has a market cap of $7.77 billion, a price-to-earnings ratio of 10.85, a P/E/G ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.70 earnings per share. Research analysts forecast that Huntington Ingalls Industries will post 14.01 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were paid a $1.35 dividend. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, November 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.72%. Huntington Ingalls Industries’s payout ratio is 30.49%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.72% of the company’s stock.

Institutional Investors Weigh In On Huntington Ingalls Industries

Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp increased its stake in shares of Huntington Ingalls Industries by 36.6% in the third quarter. Stifel Financial Corp now owns 23,329 shares of the aerospace company’s stock worth $6,181,000 after acquiring an additional 6,253 shares during the last quarter. CWM LLC lifted its stake in shares of Huntington Ingalls Industries by 142.8% in the third quarter. CWM LLC now owns 5,251 shares of the aerospace company’s stock valued at $1,388,000 after buying an additional 3,088 shares during the period. Old North State Wealth Management LLC lifted its stake in Huntington Ingalls Industries by 60.6% during the third quarter. Old North State Wealth Management LLC now owns 11,790 shares of the aerospace company’s stock worth $3,122,000 after purchasing an additional 4,450 shares during the period. Diamond Hill Capital Management Inc. bought a new position in Huntington Ingalls Industries during the third quarter worth about $47,698,000. Finally, Citigroup Inc. increased its holdings in shares of Huntington Ingalls Industries by 3.6% during the third quarter. Citigroup Inc. now owns 82,752 shares of the aerospace company’s stock worth $21,878,000 after buying an additional 2,847 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on HII. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $228.89.

About Huntington Ingalls Industries

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.