OLD National Bancorp IN Sells 2,313 Shares of Huntington Ingalls Industries, Inc. $HII

OLD National Bancorp IN trimmed its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 5.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 owned 0.10% of Huntington Ingalls Industries worth $13,780,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of HII. TriaGen Wealth Management LLC raised its holdings in Huntington Ingalls Industries by 1.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock valued at $670,000 after buying an additional 31 shares in the last quarter. CI Investments Inc. boosted its stake in shares of Huntington Ingalls Industries by 16.7% during the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock worth $67,000 after acquiring an additional 33 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in shares of Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock valued at $291,000 after acquiring an additional 38 shares during the last quarter. 1834 Investment Advisors Co. increased its holdings in shares of Huntington Ingalls Industries by 1.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock valued at $730,000 after acquiring an additional 39 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its stake in shares of Huntington Ingalls Industries by 10.1% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 438 shares of the aerospace company’s stock valued at $122,000 after acquiring an additional 40 shares in the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Down 0.7%

Shares of HII opened at $364.19 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company has a 50-day simple moving average of $411.64 and a 200-day simple moving average of $365.92. Huntington Ingalls Industries, Inc. has a 52 week low of $215.04 and a 52 week high of $460.00. The firm has a market capitalization of $14.29 billion, a P/E ratio of 23.73, a P/E/G ratio of 1.53 and a beta of 0.36.

Huntington Ingalls Industries (NYSE:HII) last released its 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. The business had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period last year, the business earned $3.15 earnings per share. On average, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 17.3 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a dividend of $1.38 per share. The ex-dividend date 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 payout ratio is currently 35.91%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HII shares. Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Wall Street Zen lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research report on Saturday, April 11th. Sanford C. Bernstein restated 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. Citigroup decreased their price objective on shares of Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, The Goldman Sachs Group lifted their target price on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $383.22.

Insiders Place Their Bets

In related news, VP Chad N. Boudreaux sold 4,400 shares of the company’s stock in a transaction dated Thursday, March 5th. The shares were sold at an average price of $422.45, for a total value of $1,858,780.00. Following the sale, the vice president owned 20,360 shares of the company’s stock, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eric D. Chewning sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total transaction of $736,848.00. Following the transaction, the executive vice president owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.80% of the company’s stock.

About Huntington Ingalls Industries

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.