DekaBank Deutsche Girozentrale Has $552,000 Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

DekaBank Deutsche Girozentrale grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 4.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,308 shares of the aerospace company’s stock after buying an additional 103 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Huntington Ingalls Industries were worth $552,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Capital World Investors lifted its holdings in Huntington Ingalls Industries by 0.7% during the 4th quarter. Capital World Investors now owns 2,312,383 shares of the aerospace company’s stock valued at $600,387,000 after purchasing an additional 15,798 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Huntington Ingalls Industries by 16.1% during the 2nd quarter. Van ECK Associates Corp now owns 914,410 shares of the aerospace company’s stock worth $225,247,000 after buying an additional 126,654 shares during the period. Earnest Partners LLC grew its stake in Huntington Ingalls Industries by 4.0% in the 1st quarter. Earnest Partners LLC now owns 626,987 shares of the aerospace company’s stock valued at $182,748,000 after buying an additional 24,368 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Huntington Ingalls Industries by 8.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 521,426 shares of the aerospace company’s stock valued at $128,443,000 after acquiring an additional 40,942 shares during the period. Finally, American Century Companies Inc. lifted its position in Huntington Ingalls Industries by 42.1% during the second quarter. American Century Companies Inc. now owns 473,778 shares of the aerospace company’s stock worth $116,706,000 after acquiring an additional 140,338 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $275.50.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $267.51 on Friday. The firm has a 50-day moving average price of $268.25 and a two-hundred day moving average price of $266.16. Huntington Ingalls Industries, Inc. has a 12-month low of $199.11 and a 12-month high of $299.50. The company has a market capitalization of $10.55 billion, a P/E ratio of 15.08, a P/E/G ratio of 2.24 and a beta of 0.52. The company has a quick ratio of 0.76, a current ratio of 0.82 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.61 by $0.77. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the previous year, the company posted $3.27 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 1.94%. The ex-dividend date was Friday, August 30th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 29.31%.

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.