Huntington Ingalls Industries, Inc. (NYSE:HII) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its holdings in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,947 shares of the aerospace company's stock after buying an additional 1,547 shares during the period. Toronto Dominion Bank owned 0.05% of Huntington Ingalls Industries worth $3,958,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. D. E. Shaw & Co. Inc. boosted its position in shares of Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares in the last quarter. River Road Asset Management LLC purchased a new stake in Huntington Ingalls Industries during the 4th quarter worth about $65,215,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Huntington Ingalls Industries by 132.9% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 420,102 shares of the aerospace company's stock worth $79,387,000 after buying an additional 239,688 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Huntington Ingalls Industries by 4,900.7% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after acquiring an additional 206,271 shares during the last quarter. Finally, Earnest Partners LLC increased its stake in Huntington Ingalls Industries by 32.6% in the fourth quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after purchasing an additional 204,376 shares during the last quarter. 90.46% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays lifted their price target on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Alembic Global Advisors raised shares of Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target on the stock in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group increased their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $236.38.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total transaction of $301,483.00. Following the sale, the vice president now directly owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total transaction of $455,856.80. Following the completion of the transaction, the director now directly owns 17,485 shares of the company's stock, valued at approximately $4,066,661.30. This represents a 10.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,010 shares of company stock worth $899,510. Corporate insiders own 0.72% of the company's stock.

Huntington Ingalls Industries Stock Down 0.0%

Shares of NYSE HII traded down $0.09 during trading on Monday, reaching $222.97. 446,265 shares of the stock were exchanged, compared to its average volume of 537,477. The business's 50-day moving average price is $217.52 and its 200 day moving average price is $199.77. The company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.15 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a twelve month low of $158.88 and a twelve month high of $285.81. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.89. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. Huntington Ingalls Industries's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the business earned $3.87 EPS. As a group, equities analysts forecast that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $1.35 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $5.40 annualized dividend and a dividend yield of 2.42%. Huntington Ingalls Industries's payout ratio is 38.90%.

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.