OLD National Bancorp IN Has $13.78 Million Position in Huntington Ingalls Industries, Inc. $HII

OLD National Bancorp IN lessened its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,522 shares of the aerospace company’s stock after selling 2,313 shares during the period. OLD National Bancorp IN’s holdings in Huntington Ingalls Industries were worth $13,780,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Huntington Ingalls Industries by 5.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock worth $278,272,000 after purchasing an additional 54,139 shares in the last quarter. Earnest Partners LLC boosted its position in Huntington Ingalls Industries by 0.7% in the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after buying an additional 6,046 shares in the last quarter. First Trust Advisors LP grew its stake in Huntington Ingalls Industries by 12.9% during the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock worth $192,977,000 after buying an additional 76,512 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Huntington Ingalls Industries by 4.0% during the second quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after buying an additional 25,737 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Huntington Ingalls Industries by 509.2% in the third quarter. AQR Capital Management LLC now owns 586,929 shares of the aerospace company’s stock valued at $168,983,000 after acquiring an additional 490,587 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction on Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the transaction, the vice president directly owned 20,360 shares in the company, valued at $8,601,082. This trade represents a 17.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Eric D. Chewning sold 1,700 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This trade represents a 46.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on HII shares. Melius Research raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Monday, January 5th. TD Cowen raised their price target on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Sanford C. Bernstein reissued a “market perform” rating and issued a $421.00 price objective on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Finally, Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and raised their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $383.22.

Huntington Ingalls Industries Stock Down 0.7%

Shares of NYSE HII opened at $364.19 on Thursday. Huntington Ingalls Industries, Inc. has a 1 year low of $215.04 and a 1 year high of $460.00. The firm’s 50-day moving average is $411.64 and its 200-day moving average is $365.92. The company has a current ratio of 1.13, a quick ratio of 1.06 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $14.29 billion, a PE ratio of 23.73, a price-to-earnings-growth ratio of 1.53 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The business had revenue of $3.48 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period in the previous year, the firm posted $3.15 earnings per share. Huntington Ingalls Industries’s revenue for the quarter was up 15.7% compared to the same quarter last year. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 17.3 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.5%. Huntington Ingalls Industries’s dividend payout ratio is 35.91%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.