Huntington Ingalls Industries, Inc. (NYSE:HII) Short Interest Down 32.7% in June

Huntington Ingalls Industries, Inc. (NYSE:HII) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 646,400 shares, a decrease of 32.7% from the May 31st total of 961,000 shares. Currently, 1.7% of the shares of the stock are short sold. Based on an average daily volume of 330,900 shares, the short-interest ratio is presently 2.0 days.

Huntington Ingalls Industries Stock Down 0.6 %

NYSE:HII traded down $1.59 on Friday, hitting $246.33. The stock had a trading volume of 367,528 shares, compared to its average volume of 277,872. The business’s fifty day moving average is $253.89 and its 200 day moving average is $266.34. The company has a market cap of $9.71 billion, a PE ratio of 13.89, a P/E/G ratio of 2.12 and a beta of 0.56. The company has a quick ratio of 0.89, a current ratio of 0.96 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries has a 52 week low of $199.11 and a 52 week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.50 by $0.37. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.81 billion. Huntington Ingalls Industries had a return on equity of 18.08% and a net margin of 6.09%. The company’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.23 earnings per share. On average, equities research analysts expect that Huntington Ingalls Industries will post 16.35 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a $5.20 annualized dividend and a yield of 2.11%. Huntington Ingalls Industries’s payout ratio is currently 29.31%.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 1,043 shares of the company’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the transaction, the vice president now owns 11,961 shares of the company’s stock, valued at approximately $3,014,530.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, VP Jennifer R. Boykin sold 1,043 shares of the stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $252.03, for a total value of $262,867.29. Following the completion of the sale, the vice president now owns 11,961 shares of the company’s stock, valued at $3,014,530.83. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Edmond E. Jr. Hughes sold 1,500 shares of the stock in a transaction dated Monday, May 20th. The shares were 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 of the company’s stock, valued at approximately $2,083,129.45. The disclosure for this sale can be found here. Insiders own 0.72% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $28,000. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $30,000. American National Bank purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Riverview Trust Co purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $30,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of Huntington Ingalls Industries during the first quarter valued at approximately $31,000. Institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the topic of several research analyst reports. Citigroup initiated coverage on Huntington Ingalls Industries in a research report on Monday, May 20th. They set a “buy” rating and a $310.00 target price on the stock. StockNews.com lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. upped their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $278.00.

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.