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Grab This Bargain Even Cheaper Than Director Bilden Did


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 24, Huntington Ingalls Industries, Inc.'s Director, Philip M. Bilden, invested $515,042.00 into 2,200 shares of HII, for a cost per share of $234.11. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Wednesday, bargain hunters could buy shares of Huntington Ingalls Industries, Inc. (Symbol: HII) and achieve a cost basis even cheaper than Bilden, with shares changing hands as low as $232.72 per share. Huntington Ingalls Industries, Inc. shares are currently trading up about 0.4% on the day. The chart below shows the one year performance of HII shares, versus its 200 day moving average:

Huntington Ingalls Industries, Inc. Chart

Looking at the chart above, HII's low point in its 52 week range is $174.07 per share, with $253.44 as the 52 week high point - that compares with a last trade of $233.50. By comparison, below is a table showing the prices at which HII insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
11/24/2017 Philip M. Bilden Director 2,200 $234.11 $515,042.00

The current annualized dividend paid by Huntington Ingalls Industries, Inc. is $2.88/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/22/2017. Below is a long-term dividend history chart for HII, which can be of good help in judging whether the most recent dividend with approx. 1.2% annualized yield is likely to continue.

HII+Dividend+History+Chart

According to the ETF Finder at ETF Channel, HII makes up 3.25% of the SPDR S&P Aerospace & Defense ETF (Symbol: XAR) which is trading up by about 1.4% on the day Wednesday.

Click here to find out which 9 other dividend bargains you can buy cheaper than insiders »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Options
Referenced Symbols: HII , XAR


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