Insider Action: Huntington Ingalls Director Makes Notable Stock Purchase
When company directors invest their personal money into stocks, observers should pay attention. A director’s decision to buy shares often suggests they expect the company’s value to rise. Recently, Frank R. Jimenez, a Director at Huntington Ingalls Industries, Inc. (Symbol: HII), purchased $103.9K worth of stock, indicating his confidence in the company’s future.
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 11/05/2024 | Frank R. Jimenez | Director | 550 | $188.91 | $103,900.50 |
Jimenez purchased the shares at an average cost of $188.91 each. Currently, HII shares are trading at $207.53, reflecting an increase of about 2.4% on Monday. The chart below illustrates HII’s one-year performance in relation to its 200-day moving average:
The chart reveals that HII’s share price has fluctuated from a low of $184.29 to a high of $299.50 within the past year, with the latest trade at $207.53.
Huntington Ingalls Industries, Inc. currently offers an annualized dividend of $5.40 per share, distributed quarterly. The next ex-dividend date is scheduled for November 29, 2024. Below is a historical chart of HII’s dividend payouts, which serves as a useful tool for evaluating the sustainability of its current approximately 2.7% yield:
Free Report: Top 8%+ Dividends (paid monthly)
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
