OLD National Bancorp IN Acquires 3,808 Shares of Huntington Ingalls Industries, Inc. $HII

Key Points

• OLD National Bancorp IN increased its stake in Huntington Ingalls Industries by 10.2%, owning 41,227 shares valued at approximately $9.95 million.
• Analyst ratings for HII are mixed, with a consensus rating of "Hold" and target prices ranging from $250 to $300.
• Huntington Ingalls announced a quarterly dividend of $1.35, which represents a 1.9% yield and a payout ratio of 40.42%.

OLD National Bancorp IN raised its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,227 shares of the aerospace company's stock after buying an additional 3,808 shares during the quarter. OLD National Bancorp IN owned 0.11% of Huntington Ingalls Industries worth $9,955,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peddock Capital Advisors LLC bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $483,000. Buttonwood Financial Advisors Inc. bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $253,000. Revisor Wealth Management LLC bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $374,000. Teacher Retirement System of Texas bought a new stake in shares of Huntington Ingalls Industries in the 1st quarter worth about $1,324,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter worth about $243,000. Institutional investors own 90.46% of the company's stock.

Analyst Upgrades and Downgrades

HII has been the topic of several analyst reports. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their target price for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Huntington Ingalls Industries in a report on Saturday, September 27th. Bank of America upped their target price on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday, August 13th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Barclays upped their target price on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an "equal weight" rating in a report on Monday, August 4th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $264.43.

Huntington Ingalls Industries Stock Up 0.8%

Shares of NYSE HII opened at $284.37 on Friday. The firm has a market capitalization of $11.16 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.63 and a beta of 0.38. The company has a current ratio of 1.08, a quick ratio of 1.00 and a debt-to-equity ratio of 0.55. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The firm's 50-day moving average is $271.54 and its 200-day moving average is $242.85.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 12th. Stockholders of record on Friday, August 29th were paid a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

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.

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