Toronto Dominion Bank Raises Stock Holdings in Huntington Ingalls Industries, Inc. (NYSE:HII)

Toronto Dominion Bank raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,947 shares of the aerospace company's stock after buying an additional 1,547 shares during the quarter. Toronto Dominion Bank owned approximately 0.05% of Huntington Ingalls Industries worth $3,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Generali Asset Management SPA SGR acquired a new position in shares of Huntington Ingalls Industries in the fourth quarter valued at approximately $2,056,000. Assetmark Inc. lifted its position in shares of Huntington Ingalls Industries by 2,154.9% in the fourth quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after acquiring an additional 7,456 shares in the last quarter. Northcape Wealth Management LLC purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $3,642,000. Essential Planning LLC. purchased a new stake in shares of Huntington Ingalls Industries in the fourth quarter valued at $2,457,000. Finally, Integrated Quantitative Investments LLC purchased a new position in Huntington Ingalls Industries during the fourth quarter worth about $283,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Insider Buying and Selling

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction 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 transaction, the vice president now directly owns 9,581 shares in the company, valued at approximately $2,221,929.71. This trade represents a 11.95% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the transaction, the director now owns 17,485 shares in the company, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,010 shares of company stock valued at $899,510. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group increased 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. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 target price for the company in a research note on Thursday, May 15th. Finally, Barclays boosted their target price on shares of 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus target price of $236.38.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $224.46 on Friday. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.15 and a beta of 0.31. The stock has a 50 day moving average of $215.16 and a 200-day moving average of $198.79. The company has a current ratio of 1.08, a quick ratio of 1.01 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries, Inc. has a 52 week low of $158.88 and a 52 week high of $285.81.

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

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

About Huntington Ingalls Industries

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.

Want to see what other hedge funds are holding HII? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.