On November 5, 2024, Frank Jimenez, Director at Huntington Ingalls Industries Inc (HII, Financial), purchased 550 shares of the company, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 2,193.474 shares of Huntington Ingalls Industries Inc.
Huntington Ingalls Industries Inc, a major player in the defense sector, specializes in the construction of ships for the United States Navy and Coast Guard. The company's expertise includes designing, building, and maintaining nuclear and non-nuclear ships, providing a critical component of the U.S. defense infrastructure.
The transaction occurred with the stock priced at $188.91, valuing the purchase at approximately $103,900.50. This acquisition has increased the insider's stake in the company significantly.
Over the past year, Frank Jimenez has bought a total of 550 shares and sold none. The overall insider transaction history for Huntington Ingalls Industries Inc shows a trend with 1 insider buy and 9 insider sells over the same period.
The company's shares currently hold a market cap of $7.561 billion. The price-earnings ratio stands at 10.91, which is below both the industry median of 34.9 and the company’s historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $254.44, suggesting that the stock is Modestly Undervalued with a price-to-GF-Value ratio of 0.74.
This insider purchase could indicate a belief in the company's ongoing value and stability, reflecting a positive outlook from within the company itself.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
