Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Bought by OLD National Bancorp IN

OLD National Bancorp IN raised its stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 31.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,459 shares of the aerospace company's stock after acquiring an additional 7,239 shares during the period. OLD National Bancorp IN owned 0.08% of Huntington Ingalls Industries worth $8,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Oliver Lagore Vanvalin Investment Group boosted its stake in Huntington Ingalls Industries by 9.1% during the 2nd quarter. Oliver Lagore Vanvalin Investment Group now owns 492 shares of the aerospace company's stock worth $121,000 after purchasing an additional 41 shares during the period. Gulf International Bank UK Ltd increased its position in Huntington Ingalls Industries by 1.3% in the 1st quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company's stock valued at $957,000 after acquiring an additional 42 shares during the period. Ballentine Partners LLC raised its stake in Huntington Ingalls Industries by 1.6% during the 2nd quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company's stock valued at $647,000 after acquiring an additional 42 shares during the last quarter. GAMMA Investing LLC lifted its position in Huntington Ingalls Industries by 16.4% during the 2nd quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company's stock worth $79,000 after acquiring an additional 45 shares during the period. Finally, Hilltop National Bank grew its stake in shares of Huntington Ingalls Industries by 15.1% in the 2nd quarter. Hilltop National Bank now owns 359 shares of the aerospace company's stock valued at $88,000 after purchasing an additional 47 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Price Performance

HII traded down $0.28 on Monday, hitting $261.25. 185,608 shares of the company were exchanged, compared to its average volume of 306,046. Huntington Ingalls Industries, Inc. has a fifty-two week low of $212.58 and a fifty-two week high of $299.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The firm has a market capitalization of $10.30 billion, a P/E ratio of 14.73, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The business's fifty day moving average is $266.23 and its 200 day moving average is $261.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, topping analysts' consensus estimates of $3.61 by $0.77. The business had revenue of $2.98 billion for the quarter, compared to analysts' expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The company's revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.27 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.99%. Huntington Ingalls Industries's dividend payout ratio is presently 29.31%.

Wall Street Analyst Weigh In

HII has been the subject of several recent research reports. Wolfe Research downgraded Huntington Ingalls Industries from an "outperform" rating to a "peer perform" rating in a report on Thursday, October 10th. Vertical Research cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $275.00 price target for the company. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and lifted their price objective for the company from $280.00 to $285.00 in a report on Monday, September 9th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Huntington Ingalls Industries presently has an average rating of "Hold" and an average target price of $290.00.

About Huntington Ingalls Industries

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.