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

Key Points

• TD Asset Management Inc has significantly decreased its stock holdings in Huntington Ingalls Industries by 37.1%, owning now 6,900 shares valued at approximately $1.4 million.
• Insider transactions include the sale of 1,960 shares by Director Anastasi D. Kelly and 1,965 shares by VP Chad N. Boudreaux, indicating a combined 8.47% to 10.08% decrease in their ownership.
• Huntington Ingalls Industries recently reported an EPS of $3.86 for the last quarter, exceeding estimates and marking a revenue increase of 3.5% year-over-year.

TD Asset Management Inc lessened its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 37.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,900 shares of the aerospace company's stock after selling 4,077 shares during the period. TD Asset Management Inc's holdings in Huntington Ingalls Industries were worth $1,408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in HII. Sentry Investment Management LLC acquired a new stake in shares of Huntington Ingalls Industries during the first quarter worth $26,000. HM Payson & Co. boosted its holdings in shares of 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 buying an additional 64 shares during the period. Park Square Financial Group LLC purchased a new position in shares of Huntington Ingalls Industries in the first quarter worth approximately $31,000. Raiffeisen Bank International AG acquired a new stake in shares of Huntington Ingalls Industries during the fourth quarter valued at approximately $36,000. Finally, Grove Bank & Trust purchased a new stake in shares of Huntington Ingalls Industries in the 1st quarter valued at approximately $61,000. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Trading Up 2.0%

Shares of HII stock traded up $5.26 during trading hours on Tuesday, hitting $270.93. 582,700 shares of the company's stock traded hands, compared to its average volume of 511,111. The stock's 50 day simple moving average is $243.92 and its 200 day simple moving average is $216.68. The stock has a market cap of $10.63 billion, a PE ratio of 20.28, a price-to-earnings-growth ratio of 1.63 and a beta of 0.33. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $293.14. 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 - Get Free Report) last posted its earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, topping the consensus estimate of $3.23 by $0.63. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.38 earnings per share. On average, sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $1.35 per share. The ex-dividend date is Friday, August 29th. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. Huntington Ingalls Industries's dividend payout ratio (DPR) is 40.42%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president directly owned 21,228 shares in the company, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president owned 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price on the stock in a report on Thursday, May 15th. Wall Street Zen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating in a research report on Saturday. Barclays boosted their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a report on Monday. The Goldman Sachs Group increased their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Finally, TD Cowen upgraded Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their target price for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $258.88.

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.