OLD National Bancorp IN Decreases Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

OLD National Bancorp IN lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 29,200 shares of the aerospace company’s stock after selling 1,259 shares during the period. OLD National Bancorp IN’s holdings in Huntington Ingalls Industries were worth $5,518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of HII. Kathleen S. Wright Associates Inc. bought a new position in Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Northwest Investment Counselors LLC purchased a new position in shares of Huntington Ingalls Industries in the third quarter valued at $40,000. Truvestments Capital LLC purchased a new stake in Huntington Ingalls Industries during the 3rd quarter worth about $42,000. Bruce G. Allen Investments LLC boosted its stake in Huntington Ingalls Industries by 43.4% in the 4th quarter. Bruce G. Allen Investments LLC now owns 281 shares of the aerospace company’s stock worth $53,000 after purchasing an additional 85 shares during the period. Finally, True Wealth Design LLC purchased a new position in Huntington Ingalls Industries during the 3rd quarter valued at about $60,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $195.54 on Friday. The firm has a market cap of $7.65 billion, a P/E ratio of 11.04, a P/E/G ratio of 1.85 and a beta of 0.56. The firm’s fifty day moving average is $194.44 and its 200 day moving average is $232.87. Huntington Ingalls Industries, Inc. has a 52 week low of $184.29 and a 52 week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period last year, the business posted $3.70 earnings per share. Research analysts predict that Huntington Ingalls Industries, Inc. will post 14 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.76%. Huntington Ingalls Industries’s dividend payout ratio is 30.49%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HII shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a research note on Friday, November 1st. Wolfe Research lowered Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target for the company. in a research report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $228.89.

Insider Activity at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now directly owns 19,627 shares in the company, valued at approximately $4,028,245.48. This trade represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.