OLD National Bancorp IN Acquires 8,219 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

OLD National Bancorp IN boosted its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 28.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,419 shares of the aerospace company's stock after purchasing an additional 8,219 shares during the quarter. OLD National Bancorp IN owned about 0.10% of Huntington Ingalls Industries worth $7,635,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Huntington Ingalls Industries by 2.5% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,124 shares of the aerospace company's stock valued at $433,000 after acquiring an additional 51 shares during the last quarter. Yousif Capital Management LLC increased its stake in Huntington Ingalls Industries by 1.6% during the fourth quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company's stock worth $610,000 after acquiring an additional 52 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Huntington Ingalls Industries by 0.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock worth $2,254,000 after acquiring an additional 66 shares during the last quarter. Covestor Ltd raised its position in Huntington Ingalls Industries by 9.8% during the fourth quarter. Covestor Ltd now owns 815 shares of the aerospace company's stock valued at $154,000 after purchasing an additional 73 shares during the period. Finally, Sanctuary Advisors LLC lifted its stake in shares of Huntington Ingalls Industries by 1.5% in the 4th quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company's stock valued at $989,000 after purchasing an additional 75 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president now owns 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president now directly owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Trading Up 1.3%

Huntington Ingalls Industries stock traded up $2.83 during mid-day trading on Wednesday, hitting $226.13. The company's stock had a trading volume of 548,127 shares, compared to its average volume of 543,426. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a 50 day moving average of $220.66 and a 200-day moving average of $201.25. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $285.81. The stock has a market cap of $8.87 billion, a PE ratio of 16.20, a P/E/G ratio of 1.15 and a beta of 0.29.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 EPS for the quarter, topping analysts' consensus estimates of $2.90 by $0.89. The firm had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business's revenue for the quarter was down 2.5% on a year-over-year basis. During the same period in the prior year, the business posted $3.87 earnings per share. On average, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a yield of 2.39%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on HII. Alembic Global Advisors raised Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a research report on Thursday, May 15th. Barclays lifted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. Finally, The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries 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.