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

OLD National Bancorp IN increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,835 shares of the aerospace company’s stock after acquiring an additional 1,608 shares during the quarter. OLD National Bancorp IN owned approximately 0.11% of Huntington Ingalls Industries worth $12,333,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HII. CYBER HORNET ETFs LLC purchased a new stake in Huntington Ingalls Industries during the 2nd quarter worth approximately $25,000. Rakuten Securities Inc. boosted its stake in shares of Huntington Ingalls Industries by 140.0% during the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after buying an additional 63 shares during the last quarter. SouthState Corp grew its position in shares of Huntington Ingalls Industries by 310.0% during the second quarter. SouthState Corp now owns 123 shares of the aerospace company’s stock worth $30,000 after buying an additional 93 shares in the last quarter. Anchor Investment Management LLC increased its stake in shares of Huntington Ingalls Industries by 400.0% in the second quarter. Anchor Investment Management LLC now owns 125 shares of the aerospace company’s stock worth $30,000 after buying an additional 100 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of Huntington Ingalls Industries by 363.3% in the second quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock worth $33,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $353.46 on Tuesday. The company has a quick ratio of 1.06, a current ratio of 1.14 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $357.44. The firm has a 50-day simple moving average of $310.32 and a 200 day simple moving average of $278.98. The company has a market cap of $13.87 billion, a PE ratio of 24.41, a P/E/G ratio of 1.62 and a beta of 0.37.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.74% and a return on equity of 11.79%. The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter last year, the company posted $2.56 earnings per share. Huntington Ingalls Industries’s revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 12th. Investors of record on Friday, November 28th were issued a $1.38 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend was Friday, November 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.6%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 38.12%.

Analyst Ratings Changes

A number of research analysts have commented on the stock. TD Cowen increased their price objective on shares of Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Citigroup assumed coverage on shares of Huntington Ingalls Industries in a research note on Friday, December 12th. They issued a “buy” rating and a $376.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a research report on Wednesday, October 8th. Sanford C. Bernstein reiterated a “market perform” rating and issued a $362.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, November 7th. Finally, The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $316.00 to $356.00 and gave the company a “buy” rating in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $325.75.

Insider Buying and Selling

In related news, CEO Christopher D. Kastner sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total transaction of $4,815,900.00. Following the completion of the transaction, the chief executive officer directly owned 68,139 shares in the company, valued at $21,876,707.34. This represents a 18.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Nicolas G. Schuck sold 466 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $314.36, for a total value of $146,491.76. Following the completion of the sale, the chief accounting officer directly owned 2,418 shares in the company, valued at $760,122.48. This represents a 16.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 17,103 shares of company stock worth $5,477,768. 0.86% of the stock is owned by company insiders.

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.