Deutsche Bank AG Invests $64.77 Million in Huntington Ingalls Industries, Inc. $HII

Deutsche Bank AG bought a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 231,410 shares of the aerospace company’s stock, valued at approximately $64,769,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CYBER HORNET ETFs LLC acquired a new position in Huntington Ingalls Industries in the second quarter worth about $25,000. Rakuten Securities Inc. boosted its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 63 shares in the last quarter. Bayban acquired a new stake in Huntington Ingalls Industries during the first quarter valued at approximately $27,000. NBC Securities Inc. grew its stake in shares of Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock valued at $30,000 after purchasing an additional 41 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of Huntington Ingalls Industries by 363.3% in the 2nd quarter. Smartleaf Asset Management LLC now owns 139 shares of the aerospace company’s stock valued at $33,000 after purchasing an additional 109 shares during the period. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 3.1%

HII stock opened at $302.07 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a twelve month low of $263.62 and a twelve month high of $460.00. The company has a market cap of $11.90 billion, a P/E ratio of 18.00, a PEG ratio of 1.17 and a beta of 0.24. The business has a fifty day moving average of $296.30 and a 200-day moving average of $349.11.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the business earned $3.86 earnings per share. As a group, equities research analysts expect that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Shareholders of record on Friday, August 28th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, August 28th. This represents a $5.52 dividend on an annualized basis and a yield of 1.8%. Huntington Ingalls Industries’s dividend payout ratio is presently 32.90%.

Analyst Upgrades and Downgrades

HII has been the subject of a number of recent research reports. Weiss Ratings cut Huntington Ingalls Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday. Wells Fargo & Company upped their price target on Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 4th. Citigroup upped their price target on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a research report on Friday, July 31st. TD Cowen dropped their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research note on Monday, July 13th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, Huntington Ingalls Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.88.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $319.58, for a total value of $1,118,530.00. Following the transaction, the vice president owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher D. Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total transaction of $4,246,704.40. Following the sale, the chief executive officer owned 11,224 shares of the company’s stock, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.