Deutsche Bank AG Takes Position in Huntington Ingalls Industries, Inc. $HII

Key Points

• Deutsche Bank acquired 231,410 shares of Huntington Ingalls Industries in the second quarter, worth approximately $64.8 million and representing about 0.59% of the company. Institutional investors and hedge funds collectively own 90.46% of HII.
• HII reported strong quarterly results, with earnings per share of $5.27 versus the $3.79 consensus estimate and revenue of $3.42 billion, up 10.9% year over year. The company also declared a quarterly dividend of $1.38, implying a 1.8% yield.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $378.88, although insider ownership is limited and the CEO recently sold 13,070 shares under a pre-arranged trading plan.

Deutsche Bank AG acquired a new stake in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 231,410 shares of the aerospace company's stock, valued at approximately $64,769,000. Deutsche Bank AG owned about 0.59% of Huntington Ingalls Industries at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HII. Bayban acquired a new stake in shares of Huntington Ingalls Industries in the first quarter worth about $27,000. NBC Securities Inc. increased its holdings in shares of Huntington Ingalls Industries by 87.2% during the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company's stock valued at $30,000 after acquiring an additional 41 shares during the last quarter. Cassaday & Co Wealth Management LLC bought a new position in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $36,000. CYBER HORNET ETFs LLC bought a new position in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $25,000. Finally, Rakuten Securities Inc. lifted its holdings in Huntington Ingalls Industries by 140.0% in the 2nd quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company's stock worth $26,000 after purchasing an additional 63 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $302.07 on Friday. The stock 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. Huntington Ingalls Industries, Inc. has a one year low of $263.62 and a one year high of $460.00. The company has a fifty day moving average price of $296.30 and a 200 day moving average price of $349.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.23 and a quick ratio of 1.14.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm earned $3.86 EPS. The business's revenue was up 10.9% on a year-over-year basis. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 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 11th. Investors of record on Friday, August 28th will be paid a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio (DPR) is presently 32.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on HII shares. Weiss Ratings cut Huntington Ingalls Industries from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday. Wall Street Zen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a research report on Monday, May 18th. Citigroup boosted their price objective on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Wolfe Research raised shares of Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 price objective for the company in a report on Friday, July 31st. Finally, TD Cowen lowered their target price on shares of 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. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $378.88.

Insider Transactions at Huntington Ingalls Industries

In related news, CEO Christopher D. Kastner sold 13,070 shares of Huntington Ingalls Industries stock in a transaction dated 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 of the company's stock, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, VP Edmond E. Jr. Hughes sold 3,500 shares of the business'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 in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.80% of the stock is 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.

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