DekaBank Deutsche Girozentrale Boosts Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

DekaBank Deutsche Girozentrale increased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,074 shares of the aerospace company’s stock after purchasing an additional 75 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Huntington Ingalls Industries were worth $514,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HII. Morgan Stanley raised its holdings in shares of Huntington Ingalls Industries by 133.8% during the 4th quarter. Morgan Stanley now owns 1,285,139 shares of the aerospace company’s stock worth $296,456,000 after acquiring an additional 735,356 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Huntington Ingalls Industries by 445.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 459,847 shares of the aerospace company’s stock worth $95,198,000 after acquiring an additional 375,553 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Huntington Ingalls Industries by 124.0% during the 1st quarter. Deutsche Bank AG now owns 228,968 shares of the aerospace company’s stock worth $47,401,000 after acquiring an additional 126,740 shares in the last quarter. Qube Research & Technologies Ltd raised its holdings in shares of Huntington Ingalls Industries by 266.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 171,496 shares of the aerospace company’s stock worth $35,085,000 after acquiring an additional 124,685 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Huntington Ingalls Industries by 924.3% during the 1st quarter. Renaissance Technologies LLC now owns 117,800 shares of the aerospace company’s stock worth $23,494,000 after acquiring an additional 106,300 shares in the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares of the company’s stock, valued at approximately $655,380. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP D R. Wyatt sold 900 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the transaction, the vice president now owns 19,100 shares of the company’s stock, valued at approximately $5,036,479. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the stock in a transaction on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at approximately $655,380. The disclosure for this sale can be found here. Insiders have sold 8,472 shares of company stock valued at $2,398,345 in the last quarter. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $275.00 on Tuesday. The company has a market cap of $10.89 billion, a P/E ratio of 16.08, a P/E/G ratio of 2.60 and a beta of 0.60. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95. The business’s 50 day moving average price is $285.94 and its 200-day moving average price is $256.19. Huntington Ingalls Industries, Inc. has a fifty-two week low of $188.51 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating the consensus estimate of $4.27 by $2.63. The firm had revenue of $3.18 billion for the quarter, compared to the consensus estimate of $2.78 billion. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.07 EPS. Sell-side analysts predict that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.41%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HII shares. Barclays upped their price objective on Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. boosted their target price on Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, March 21st.

About Huntington Ingalls Industries

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.