Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,074 shares of the aerospace company’s stock after buying an additional 75 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Huntington Ingalls Industries were worth $514,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Quantbot Technologies LP purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $25,000. Cranbrook Wealth Management LLC purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at approximately $28,000. Almanack Investment Partners LLC. purchased a new position in Huntington Ingalls Industries in the 3rd quarter valued at approximately $42,000. Level Financial Advisors Inc. purchased a new position in Huntington Ingalls Industries in the 4th quarter valued at approximately $43,000. Finally, Headlands Technologies LLC increased its position in Huntington Ingalls Industries by 30.1% during the third quarter. Headlands Technologies LLC now owns 225 shares of the aerospace company’s stock worth $46,000 after buying an additional 52 shares in the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 1,293 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total transaction of $376,625.04. Following the transaction, the chief accounting officer now owns 2,250 shares in the company, valued at $655,380. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, VP Edgar A. Green III sold 3,603 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $290.75, for a total transaction of $1,047,572.25. Following the sale, the vice president now directly owns 7,461 shares of the company’s stock, valued at $2,169,285.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Nicolas G. Schuck sold 1,293 shares of Huntington Ingalls Industries stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the sale, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Insiders have sold a total of 8,472 shares of company stock worth $2,398,345 over the last quarter. 0.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HII. JPMorgan Chase & Co. raised their price target on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Barclays raised 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.

Huntington Ingalls Industries Price Performance

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

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, February 1st. The aerospace company reported $6.90 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $2.63. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The firm had revenue of $3.18 billion for the quarter, compared to analysts’ expectations of $2.78 billion. During the same quarter last year, the firm earned $3.07 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, research analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.36 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

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

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.