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

Huntington Ingalls Industries Inc (NYSE:HII) was the recipient of some unusual options trading on Monday. Stock traders acquired 1,079 call options on the stock. This is an increase of approximately 1,200% compared to the average volume of 83 call options.

NYSE HII opened at $226.27 on Tuesday. The stock has a market cap of $9.55 billion, a PE ratio of 18.64, a price-to-earnings-growth ratio of 0.85 and a beta of 1.13. 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 one year low of $201.91 and a one year high of $276.69.

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

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

Several equities analysts have weighed in on the company. Seaport Global Securities assumed coverage on Huntington Ingalls Industries in a research note on Thursday, August 23rd. They issued a “neutral” rating and a $260.00 target price on the stock. Goldman Sachs Group lowered Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target on the stock. in a research report on Thursday, October 11th. Buckingham Research began coverage on Huntington Ingalls Industries in a research report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price target on the stock. UBS Group began coverage on Huntington Ingalls Industries in a research report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price target on the stock. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 price target on the stock in a research report on Friday, August 3rd. 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’s stock. The company has a consensus rating of “Hold” and an average target price of $265.33.

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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: Return on Equity (ROE)

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