OLD National Bancorp IN boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 31.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,459 shares of the aerospace company's stock after purchasing an additional 7,239 shares during the period. OLD National Bancorp IN owned about 0.08% of Huntington Ingalls Industries worth $8,053,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Oliver Lagore Vanvalin Investment Group raised its holdings 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 valued at $121,000 after acquiring an additional 41 shares during the period. Gulf International Bank UK Ltd increased its holdings in shares of Huntington Ingalls Industries by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 3,284 shares of the aerospace company's stock worth $957,000 after purchasing an additional 42 shares during the period. Ballentine Partners LLC increased its holdings in shares of Huntington Ingalls Industries by 1.6% in the second quarter. Ballentine Partners LLC now owns 2,625 shares of the aerospace company's stock worth $647,000 after purchasing an additional 42 shares during the period. GAMMA Investing LLC increased its holdings in shares of Huntington Ingalls Industries by 16.4% in the second quarter. GAMMA Investing LLC now owns 320 shares of the aerospace company's stock worth $79,000 after purchasing an additional 45 shares during the period. Finally, Hilltop National Bank increased its holdings in shares of Huntington Ingalls Industries by 15.1% in the second quarter. Hilltop National Bank now owns 359 shares of the aerospace company's stock worth $88,000 after purchasing an additional 47 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.
Shares of NYSE:HII opened at $261.53 on Monday. Huntington Ingalls Industries, Inc. has a 52-week low of $212.58 and a 52-week high of $299.50. The firm has a fifty day moving average of $266.23 and a 200 day moving average of $261.51. The firm has a market capitalization of $10.31 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82.
Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business posted $3.27 earnings per share. The company's revenue was up 6.8% on a year-over-year basis. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 annualized dividend and a yield of 1.99%. Huntington Ingalls Industries's payout ratio is 29.31%.
Several research firms have recently weighed in on HII. Wolfe Research cut shares of 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 on the stock. in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an "overweight" rating to a "neutral" rating and upped their target price for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $290.00.
Get Our Latest Research Report on 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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