Deutsche Bank AG Purchases 121,657 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

Deutsche Bank AG boosted its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 96.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,462 shares of the aerospace company’s stock after purchasing an additional 121,657 shares during the quarter. Deutsche Bank AG owned about 0.63% of Huntington Ingalls Industries worth $46,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. D. E. Shaw & Co. Inc. grew its position in shares of Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company’s stock worth $71,029,000 after purchasing an additional 354,374 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Huntington Ingalls Industries by 59.2% during the 4th quarter. Cetera Investment Advisers now owns 32,229 shares of the aerospace company’s stock worth $6,090,000 after purchasing an additional 11,980 shares in the last quarter. Centiva Capital LP acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $523,000. Baird Financial Group Inc. grew its position in shares of Huntington Ingalls Industries by 32.0% during the 4th quarter. Baird Financial Group Inc. now owns 5,658 shares of the aerospace company’s stock worth $1,069,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Bastion Asset Management Inc. acquired a new position in shares of Huntington Ingalls Industries during the 4th quarter worth approximately $703,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HII. The Goldman Sachs Group boosted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Barclays raised their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $238.44.

Insider Activity

In other news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the sale, the director now directly owns 17,485 shares of the company’s stock, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the 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 completion of the sale, the vice president now owns 9,581 shares of the company’s stock, valued at $2,221,929.71. The trade was 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 4,010 shares of company stock valued at $899,510. 0.72% of the stock is currently owned by corporate insiders.

Huntington Ingalls Industries Price Performance

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

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $2.80 billion. During the same period in the prior year, the company earned $3.87 EPS. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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