Deutsche Bank AG Sells 83,335 Shares of Huntington Ingalls Industries, Inc. (NYSE:HII)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Teacher Retirement System of Texas acquired a new stake in Huntington Ingalls Industries during the first quarter worth approximately $1,324,000. GAMMA Investing LLC raised its position in shares of Huntington Ingalls Industries by 269.0% in the 1st quarter. GAMMA Investing LLC now owns 2,413 shares of the aerospace company's stock worth $492,000 after acquiring an additional 1,759 shares in the last quarter. Eisler Capital Management Ltd. bought a new stake in Huntington Ingalls Industries in the 4th quarter valued at about $5,679,000. Sowell Financial Services LLC bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $247,000. Finally, Ninety One UK Ltd bought a new stake in Huntington Ingalls Industries in the 1st quarter valued at about $14,924,000. Institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Down 0.5%

HII traded down $1.42 on Friday, hitting $266.04. The company had a trading volume of 346,578 shares, compared to its average volume of 507,502. 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 52-week low of $158.88 and a 52-week high of $293.14. The stock has a fifty day simple moving average of $251.49 and a 200-day simple moving average of $220.66. The firm has a market capitalization of $10.44 billion, a P/E ratio of 19.91, a P/E/G ratio of 1.57 and a beta of 0.33.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating analysts' consensus estimates of $3.23 by $0.63. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $4.38 earnings per share. The business's revenue for the quarter was up 3.5% on a year-over-year basis. As a group, equities 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 announced a quarterly dividend, which will be paid on Friday, September 12th. Shareholders of record on Friday, August 29th will be given a $1.35 dividend. This represents a $5.40 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's payout ratio is 40.42%.

Insider Buying and Selling

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president owned 21,228 shares in the company, valued at $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HII. Bank of America boosted their price objective on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an "underperform" rating in a report on Wednesday. TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and upped their price objective for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Wall Street Zen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research 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 on the stock in a report on Thursday, May 15th. Finally, Barclays increased their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $267.00.

Huntington Ingalls Industries Company 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.