TD Waterhouse Canada Inc. Has $1.30 Million Stock Holdings in Huntington Ingalls Industries, Inc. $HII

Key Points

• TD Waterhouse Canada cut its Huntington Ingalls Industries stake by 88.2% in the second quarter, selling 34,984 shares and retaining 4,658 shares valued at approximately $1.30 million.
• Analyst sentiment remains positive overall, with HII carrying a “Moderate Buy” consensus rating and an average price target of $368.88, despite some recent rating and target reductions.
• HII reported quarterly earnings of $5.27 per share, beating estimates by $1.48, while revenue rose 10.9% year over year to $3.42 billion. The company also announced a quarterly dividend of $1.38 per share, equivalent to a 1.9% yield.

TD Waterhouse Canada Inc. decreased its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 88.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,658 shares of the aerospace company's stock after selling 34,984 shares during the period. TD Waterhouse Canada Inc.'s holdings in Huntington Ingalls Industries were worth $1,299,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Chase Investment Counsel Corp bought a new stake in shares of Huntington Ingalls Industries during the fourth quarter worth $4,634,000. Rothschild Investment LLC increased its position in Huntington Ingalls Industries by 478.1% in the fourth quarter. Rothschild Investment LLC now owns 5,295 shares of the aerospace company's stock worth $1,801,000 after purchasing an additional 4,379 shares during the period. Goldman Sachs Group Inc. raised its holdings in Huntington Ingalls Industries by 71.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company's stock worth $124,384,000 after purchasing an additional 152,624 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company's stock valued at $675,572,000 after purchasing an additional 1,981,424 shares during the period. Finally, Martingale Asset Management L P grew its position in shares of Huntington Ingalls Industries by 29.5% during the 4th quarter. Martingale Asset Management L P now owns 45,782 shares of the aerospace company's stock worth $15,569,000 after buying an additional 10,419 shares during the period. 90.46% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on HII. Sanford C. Bernstein set a $341.00 price target on Huntington Ingalls Industries in a research note on Tuesday, August 25th. TD Cowen dropped their price objective on Huntington Ingalls Industries from $420.00 to $360.00 and set a "buy" rating on the stock in a research note on Monday, July 13th. Wolfe Research upgraded Huntington Ingalls Industries from a "peer perform" rating to an "outperform" rating and set a $364.00 price target for the company in a report on Friday, July 31st. Wall Street Zen cut Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Monday, May 18th. Finally, Weiss Ratings raised Huntington Ingalls Industries from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 31st. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries presently has an average rating of "Moderate Buy" and a consensus price target of $368.88.

Insider Buying and Selling

In other Huntington Ingalls Industries news, CEO Christopher Kastner sold 13,070 shares of the firm's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $324.92, for a total value of $4,246,704.40. Following the completion of the transaction, the chief executive officer directly owned 11,224 shares in the company, valued at $3,646,902.08. This trade represents a 53.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.80% of the company's stock.

Huntington Ingalls Industries Price Performance

NYSE HII opened at $287.72 on Wednesday. The firm's 50 day moving average is $297.73 and its 200-day moving average is $338.38. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $11.34 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.08 and a beta of 0.23. Huntington Ingalls Industries, Inc. has a 12-month low of $263.62 and a 12-month high of $460.00.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share for the quarter, beating analysts' consensus estimates of $3.79 by $1.48. Huntington Ingalls Industries had a net margin of 5.01% and a return on equity of 12.89%. The business had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm earned $3.86 earnings per share. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts anticipate that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 11th. Investors of record on Friday, August 28th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date is Friday, August 28th. Huntington Ingalls Industries's dividend payout ratio is presently 32.90%.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries NYSE: HII is America's largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company's products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman's shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.

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