Huntington Ingalls Industries, Inc. $HII Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 38,336 shares of the aerospace company’s stock after selling 2,186 shares during the period. OLD National Bancorp IN owned about 0.10% of Huntington Ingalls Industries worth $14,564,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. TriaGen Wealth Management LLC boosted its holdings in Huntington Ingalls Industries by 1.6% in the 4th quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock worth $670,000 after buying an additional 31 shares during the last quarter. CI Investments Inc. raised its holdings in shares of Huntington Ingalls Industries by 16.7% during the third quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 33 shares during the last quarter. Intrust Bank NA lifted its position in shares of Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company’s stock valued at $279,000 after acquiring an additional 35 shares in the last quarter. Oakworth Capital Inc. boosted its stake in shares of Huntington Ingalls Industries by 1.7% in the fourth quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock worth $750,000 after acquiring an additional 36 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of Huntington Ingalls Industries by 3.2% during the fourth quarter. Signaturefd LLC now owns 1,280 shares of the aerospace company’s stock worth $435,000 after purchasing an additional 40 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HII. Wells Fargo & Company initiated coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price objective on the stock. Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen decreased their price target on shares of Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Citigroup lowered their price target on shares of Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Finally, Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $388.50.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $278.18 on Friday. The stock’s fifty day moving average is $323.12 and its two-hundred day moving average is $369.82. The firm has a market capitalization of $10.96 billion, a P/E ratio of 18.10, a price-to-earnings-growth ratio of 1.18 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $236.19 and a fifty-two week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $3.79 earnings per share. Huntington Ingalls Industries’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Huntington Ingalls Industries 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.