Deutsche Bank AG Lowers Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Deutsche Bank AG cut its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 33.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 164,127 shares of the aerospace company's stock after selling 83,335 shares during the quarter. Deutsche Bank AG owned 0.42% of Huntington Ingalls Industries worth $33,488,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC lifted its stake in shares of Huntington Ingalls Industries by 32.6% in the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Huntington Ingalls Industries by 15.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company's stock valued at $109,316,000 after purchasing an additional 77,718 shares during the period. Diamond Hill Capital Management Inc. lifted its stake in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company's stock valued at $109,108,000 after purchasing an additional 114,635 shares during the period. GAMMA Investing LLC increased its holdings in Huntington Ingalls Industries by 75,182.7% in the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company's stock worth $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. Finally, Auto Owners Insurance Co increased its holdings in Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company's stock worth $92,901,000 after acquiring an additional 333,308 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on HII. Bank of America boosted their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday. The Goldman Sachs Group boosted their price target 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. Wall Street Zen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Finally, TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price target for the stock from $250.00 to $300.00 in a report on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Hold" and a consensus target price of $267.00.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares in the company, valued at $4,859,938.32. This represents a 8.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.72% of the stock is owned by corporate insiders.

Huntington Ingalls Industries Stock Down 0.5%

Shares of HII stock traded down $1.42 during trading hours on Friday, reaching $266.04. 346,578 shares of the stock were exchanged, compared to its average volume of 639,133. The business's fifty day moving average is $250.71 and its two-hundred day moving average is $219.99. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. Huntington Ingalls Industries, Inc. has a 12-month low of $158.88 and a 12-month high of $293.14. The firm has a market capitalization of $10.44 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.63 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.38 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be paid a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.0%. The ex-dividend date is Friday, August 29th. Huntington Ingalls Industries's dividend payout ratio is currently 40.42%.

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.