TD Asset Management Inc Decreases Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

TD Asset Management Inc decreased its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII) by 37.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,900 shares of the aerospace company’s stock after selling 4,077 shares during the quarter. TD Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $1,408,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sentry Investment Management LLC purchased a new position in Huntington Ingalls Industries in the first quarter worth about $26,000. Park Square Financial Group LLC purchased a new position in Huntington Ingalls Industries in the first quarter worth about $31,000. HM Payson & Co. boosted its position in Huntington Ingalls Industries by 71.9% in the first quarter. HM Payson & Co. now owns 153 shares of the aerospace company’s stock worth $31,000 after purchasing an additional 64 shares during the last quarter. Raiffeisen Bank International AG purchased a new position in Huntington Ingalls Industries in the fourth quarter worth about $36,000. Finally, Grove Bank & Trust purchased a new position in Huntington Ingalls Industries in the first quarter worth about $61,000. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Insider Buying and Selling

In related news, Director Anastasi D. Kelly sold 1,960 shares of the company’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director directly owned 17,485 shares of the company’s stock, valued at $4,066,661.30. This represents a 10.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Chad N. Boudreaux sold 1,965 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the completion of the sale, the vice president directly owned 21,228 shares of the company’s stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,225 shares of company stock valued at $1,207,207. Company insiders own 0.86% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $269.26 on Monday. The business has a 50-day simple moving average of $243.11 and a two-hundred day simple moving average of $216.24. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $293.14. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 1.66 and a beta of 0.33. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings data on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating the consensus estimate of $3.23 by $0.63. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a return on equity of 11.34% and a net margin of 4.54%. The business’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $4.38 earnings per share. On average, analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

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

Analyst Upgrades and Downgrades

HII has been the topic of several research reports. Wall Street Zen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Saturday. Barclays raised their target price on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an “equal weight” rating in a research report on Monday, May 5th. The Goldman Sachs Group raised their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target for the company in a research report on Thursday, May 15th. One investment 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. According to MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $251.38.

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.