Huntington Ingalls Industries Target of Unusually Large Options Trading (HII)

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Huntington Ingalls Industries Inc (NYSE:HII) was the recipient of unusually large options trading on Wednesday. Stock investors purchased 823 call options on the stock. This is an increase of 1,514% compared to the average volume of 51 call options.

In other news, VP Jerri F. Dickseski sold 270 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, July 10th. The stock was sold at an average price of $225.00, for a total value of $60,750.00. Following the sale, the vice president now directly owns 35,291 shares of the company’s stock, valued at $7,940,475. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.22% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HII. Bank of Montreal Can bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $185,624,000. FMR LLC grew its stake in shares of Huntington Ingalls Industries by 18.5% during the second quarter. FMR LLC now owns 3,813,494 shares of the aerospace company’s stock valued at $826,727,000 after buying an additional 595,334 shares during the last quarter. Millennium Management LLC grew its stake in shares of Huntington Ingalls Industries by 537.7% during the first quarter. Millennium Management LLC now owns 354,169 shares of the aerospace company’s stock valued at $91,291,000 after buying an additional 298,629 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Huntington Ingalls Industries by 6,975.0% during the second quarter. Marshall Wace LLP now owns 157,630 shares of the aerospace company’s stock valued at $34,173,000 after buying an additional 155,402 shares during the last quarter. Finally, Hexavest Inc. bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $31,074,000. 85.54% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have recently issued reports on the company. Seaport Global Securities assumed coverage on Huntington Ingalls Industries in a report on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 target price on the stock. UBS Group started coverage on Huntington Ingalls Industries in a research note on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective on the stock. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 price objective on the stock in a research note on Friday, August 3rd. Cowen reissued a “buy” rating and set a $260.00 price objective (up from $250.00) on shares of Huntington Ingalls Industries in a research note on Friday, August 10th. Finally, Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $301.00 to $259.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $267.90.

Shares of NYSE HII opened at $248.13 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. Huntington Ingalls Industries has a 1-year low of $201.91 and a 1-year high of $276.69. The company has a market cap of $10.59 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 0.95 and a beta of 1.00.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 2nd. The aerospace company reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $4.21 by $1.19. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.88 billion. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.21 earnings per share. analysts predict that Huntington Ingalls Industries will post 17.24 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Stockholders of record on Friday, August 31st will be paid a dividend of $0.72 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 1.16%. Huntington Ingalls Industries’s dividend payout ratio is 23.72%.

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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