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Huntington Ingalls Industries – Bought 200 Shares - ValueInvestingNow.com
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Huntington Ingalls Industries – Bought 200 Shares

On Friday the 1st of November 2024, Huntington Ingalls Industries’ (HII) shares dropped $60 in the market due to their financial outlook as reported in their quarterly reporting. The current intrinsic value is approximately $210 per share. The Value Investment Fund purchased these shares at $190 each and paid a $1 per share transaction fee.

The Fund utilized its margin account to finance the purchase. This requires a 2% fee on the amount borrowed. Total amount borrowed was $38,000. The Fund utilized its cash to pay the 2% fee of $760 and the $200 fee to purchase the shares. Total basis in the shares stands at $38,960 per share. 

The share price ended the day at $189.23. 

Huntington Ingalls Industries (HII) is highly stable and relatively secure investment. Furthermore, it is one of the top 2,000 companies worldwide. The downside risk is low; during the last five years, the lowest market price for this investment was $140 per share back in 2020. The upside is a price above $290 per share. Act on Knowledge. 

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