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Bag This Bargain Even Cheaper Than Director Schievelbein Did

By Dividend Channel Staff, Monday, March 9, 10:43 AM ET
Play Video: One Reason For Insiders to Buy


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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 March 2, Huntington Ingalls Industries, Inc.'s Director, Thomas C. Schievelbein, invested $831,664.90 into 4,000 shares of HII, for a cost per share of $207.92. 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 Monday, bargain hunters could buy shares of Huntington Ingalls Industries, Inc. (NYSE:HII) and achieve a cost basis 6.2% cheaper than Schievelbein, with shares changing hands as low as $195.09 per share. Huntington Ingalls Industries, Inc. shares are currently trading off about 4.5% 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 $195.09 per share, with $279.71 as the 52 week high point — that compares with a last trade of $195.09. 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
03/02/2020 Thomas C. Schievelbein Director 4,000 $207.92 $831,664.90

The current annualized dividend paid by Huntington Ingalls Industries, Inc. is $4.12/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 02/27/2020. 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. 2.0% annualized yield is likely to continue.


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