Allianz Asset Management GmbH Acquires New Position in Huntington Ingalls Industries, Inc. $HII

Allianz Asset Management GmbH acquired a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 92,142 shares of the aerospace company's stock, valued at approximately $25,790,000. Allianz Asset Management GmbH owned 0.23% of Huntington Ingalls Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Personal CFO Solutions LLC grew its stake in shares of Huntington Ingalls Industries by 3.7% during the 1st quarter. Personal CFO Solutions LLC now owns 775 shares of the aerospace company's stock worth $294,000 after purchasing an additional 28 shares during the period. Intrust Bank NA increased its holdings in Huntington Ingalls Industries by 4.5% in the fourth quarter. Intrust Bank NA now owns 821 shares of the aerospace company's stock valued at $279,000 after buying an additional 35 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Huntington Ingalls Industries by 2.5% during the 1st quarter. Whittier Trust Co. now owns 1,532 shares of the aerospace company's stock valued at $625,000 after acquiring an additional 38 shares during the period. Ballentine Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 1.9% during the 4th quarter. Ballentine Partners LLC now owns 2,098 shares of the aerospace company's stock worth $713,000 after acquiring an additional 40 shares in the last quarter. Finally, New York Life Investment Management LLC raised its holdings in Huntington Ingalls Industries by 0.8% during the fourth quarter. New York Life Investment Management LLC now owns 5,307 shares of the aerospace company's stock worth $1,805,000 after purchasing an additional 42 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Performance

Huntington Ingalls Industries stock opened at $285.30 on Tuesday. Huntington Ingalls Industries, Inc. has a 12-month low of $263.62 and a 12-month high of $460.00. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 17.00, a price-to-earnings-growth ratio of 1.08 and a beta of 0.23. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14. The firm's fifty day moving average price is $297.58 and its 200 day moving average price is $339.35.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The company had revenue of $3.42 billion during the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the prior year, the company posted $3.86 EPS. The firm's revenue for the quarter was up 10.9% on a year-over-year basis. On average, research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Stockholders of record on Friday, August 28th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 28th. This represents a $5.52 annualized dividend and a dividend yield of 1.9%. Huntington Ingalls Industries's dividend payout ratio is 32.90%.

Analysts Set New Price Targets

HII has been the topic of a number of analyst reports. Citigroup increased their target price on Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a "buy" rating in a report on Friday, July 31st. Sanford C. Bernstein set a $341.00 target price on shares of Huntington Ingalls Industries in a report on Tuesday, August 25th. Weiss Ratings raised shares of Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 31st. TD Cowen decreased their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock 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 equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $368.88.

Insider Activity at Huntington Ingalls Industries

In other news, CEO Christopher Kastner sold 13,070 shares of the 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 directly owned 11,224 shares in the company, valued at approximately $3,646,902.08. This represents a 53.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.

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.

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