Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 33.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 164,127 shares of the aerospace company’s stock after selling 83,335 shares during the period. Deutsche Bank AG owned approximately 0.42% of Huntington Ingalls Industries worth $33,488,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in Huntington Ingalls Industries during the 1st quarter worth approximately $1,324,000. GAMMA Investing LLC raised its position in Huntington Ingalls Industries by 269.0% in the first quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company’s stock valued at $492,000 after purchasing an additional 1,759 shares during the period. Eisler Capital Management Ltd. acquired a new position in shares of Huntington Ingalls Industries during the fourth quarter worth about $5,679,000. Sowell Financial Services LLC acquired a new position in shares of Huntington Ingalls Industries during the first quarter worth about $247,000. Finally, Ninety One UK Ltd purchased a new stake in shares of Huntington Ingalls Industries in the first quarter worth about $14,924,000. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the subject of several analyst reports. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Barclays raised their price objective on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an “equal weight” rating in a research note on Monday, August 4th. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their target price for the company from $250.00 to $300.00 in a research report on Thursday, July 10th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Finally, The Goldman Sachs Group raised their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $258.88.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the firm’s stock in a transaction 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 sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Trading Up 0.4%

NYSE HII opened at $267.65 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08. Huntington Ingalls Industries, Inc. has a one year low of $158.88 and a one year high of $293.14. The company has a 50-day simple moving average of $248.96 and a 200-day simple moving average of $219.20. The firm has a market capitalization of $10.50 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.62 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. Huntington Ingalls Industries’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.38 earnings per share. On average, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $1.35 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.40 annualized dividend and a yield of 2.0%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 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.