Huntington Ingalls Industries Inc (NYSE:HII) was the recipient of a significant decrease in short interest during the month of November. As of November 29th, there was short interest totalling 752,600 shares, a decrease of 9.2% from the November 14th total of 828,600 shares. Currently, 1.9% of the company’s stock are short sold. Based on an average daily trading volume, of 273,200 shares, the days-to-cover ratio is currently 2.8 days.

HII has been the subject of a number of recent analyst reports. ValuEngine lowered Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Cowen reaffirmed a “buy” rating on shares of Huntington Ingalls Industries in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $243.57.

In other news, VP Jerri F. Dickseski sold 1,874 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $205.00, for a total transaction of $384,170.00. Following the transaction, the vice president now directly owns 33,888 shares of the company’s stock, valued at $6,947,040. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Nicolas G. Schuck sold 400 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $250.00, for a total value of $100,000.00. Following the sale, the chief accounting officer now directly owns 2,240 shares in the company, valued at $560,000. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.

A number of hedge funds have recently bought and sold shares of HII. Quest Capital Management Inc. ADV purchased a new stake in shares of Huntington Ingalls Industries during the 3rd quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth approximately $30,000. Bridger Capital Management LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter worth approximately $33,000. Doyle Wealth Management purchased a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $38,000. Finally, HM Payson & Co. bought a new stake in Huntington Ingalls Industries during the second quarter valued at approximately $42,000. 87.61% of the stock is currently owned by institutional investors.

HII traded down $3.31 during mid-day trading on Friday, reaching $251.24. 176,708 shares of the company traded hands, compared to its average volume of 293,410. The stock has a market capitalization of $10.28 billion, a P/E ratio of 13.16 and a beta of 1.22. The company has a quick ratio of 0.97, a current ratio of 1.04 and a debt-to-equity ratio of 1.01. The company’s fifty day moving average price is $245.09 and its 200-day moving average price is $223.18. Huntington Ingalls Industries has a 52-week low of $173.80 and a 52-week high of $260.81.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, November 7th. The aerospace company reported $3.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.63 by $0.11. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.20 billion. During the same period last year, the business posted $5.29 EPS. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, sell-side analysts forecast that Huntington Ingalls Industries will post 13.94 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were given a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Wednesday, November 27th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $0.86. Huntington Ingalls Industries’s dividend payout ratio is 21.58%.

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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