Deutsche Bank AG Has $46.76 Million Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

Deutsche Bank AG raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 96.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 247,462 shares of the aerospace company’s stock after purchasing an additional 121,657 shares during the period. Deutsche Bank AG’s holdings in Huntington Ingalls Industries were worth $46,763,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Yousif Capital Management LLC lifted its position in shares of Huntington Ingalls Industries by 1.6% in the 4th quarter. Yousif Capital Management LLC now owns 3,230 shares of the aerospace company’s stock worth $610,000 after purchasing an additional 52 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company’s stock worth $2,254,000 after purchasing an additional 66 shares during the period. 1834 Investment Advisors Co. grew its stake in Huntington Ingalls Industries by 3.9% during the fourth quarter. 1834 Investment Advisors Co. now owns 1,932 shares of the aerospace company’s stock worth $365,000 after purchasing an additional 73 shares during the period. Covestor Ltd grew its stake in Huntington Ingalls Industries by 9.8% during the fourth quarter. Covestor Ltd now owns 815 shares of the aerospace company’s stock worth $154,000 after purchasing an additional 73 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in Huntington Ingalls Industries by 1.5% during the fourth quarter. Sanctuary Advisors LLC now owns 5,060 shares of the aerospace company’s stock worth $989,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In related news, Director Thomas C. Schievelbein acquired 2,120 shares of the stock in a transaction dated Thursday, February 13th. The stock was purchased at an average cost of $164.82 per share, with a total value of $349,418.40. Following the completion of the purchase, the director now directly owns 7,967 shares in the company, valued at $1,313,120.94. This trade represents a 36.26% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 750 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the completion of the sale, the chief accounting officer now directly owns 2,884 shares of the company’s stock, valued at approximately $546,691.04. This trade represents a 20.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,010 shares of company stock valued at $899,510. 0.72% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on HII. Barclays raised their target price on 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. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $238.44.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $225.91 on Wednesday. The firm’s 50-day moving average price is $211.04 and its 200-day moving average price is $198.36. Huntington Ingalls Industries, Inc. has a 1-year low of $158.88 and a 1-year high of $285.81. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $8.86 billion, a P/E ratio of 16.18, a P/E/G ratio of 1.15 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. The business had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same quarter last year, the firm posted $3.87 EPS. Huntington Ingalls Industries’s revenue was down 2.5% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be given a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Friday, May 30th. Huntington Ingalls Industries’s payout ratio is currently 38.90%.

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.