Traders Purchase Large Volume of Huntington Ingalls Industries Call Options (HII)

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Huntington Ingalls Industries Inc (NYSE:HII) was the target of unusually large options trading activity on Monday. Stock investors bought 1,079 call options on the company. This represents an increase of 1,200% compared to the typical daily volume of 83 call options.

NYSE HII opened at $228.00 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.31 and a current ratio of 1.43. Huntington Ingalls Industries has a 52-week low of $201.91 and a 52-week high of $276.69. The company has a market cap of $9.55 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 0.85 and a beta of 1.13.

A number of equities analysts have commented on HII shares. Cowen restated a “buy” rating and issued a $250.00 target price on shares of Huntington Ingalls Industries in a research note on Thursday, August 2nd. Buckingham Research started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, September 12th. They issued a “buy” rating and a $297.00 target price on the stock. UBS Group started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, August 15th. They issued a “buy” rating and a $290.00 target price on the stock. ValuEngine upgraded shares of Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, October 22nd. Finally, Zacks Investment Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $265.33.

In other Huntington Ingalls Industries news, VP Jerri F. Dickseski sold 271 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $257.84, for a total value of $69,874.64. Following the transaction, the vice president now directly owns 34,750 shares in the company, valued at approximately $8,959,940. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.32% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Command Bank bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $101,000. First Command Financial Services Inc. bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $101,000. Piedmont Investment Advisors LLC bought a new position in shares of Huntington Ingalls Industries during the second quarter valued at approximately $110,000. Ayalon Holdings Ltd. bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $110,000. Finally, Welch Group LLC bought a new position in shares of Huntington Ingalls Industries during the third quarter valued at approximately $110,000. Hedge funds and other institutional investors own 85.56% of the company’s stock.

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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.

Further Reading: Hedge Funds Explained

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