Toronto Dominion Bank Grows Stake in Huntington Ingalls Industries, Inc. (NYSE:HII)

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

Other hedge funds and other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Huntington Ingalls Industries by 503.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 157 shares of the aerospace company's stock valued at $30,000 after purchasing an additional 131 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in Huntington Ingalls Industries in the fourth quarter valued at approximately $36,000. Wingate Wealth Advisors Inc. purchased a new position in shares of Huntington Ingalls Industries during the 4th quarter valued at about $48,000. Canada Post Corp Registered Pension Plan purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $70,000. Finally, SRS Capital Advisors Inc. grew its holdings in Huntington Ingalls Industries by 156.4% in the fourth quarter. SRS Capital Advisors Inc. now owns 482 shares of the aerospace company's stock valued at $91,000 after purchasing an additional 294 shares during the period. Hedge funds and other institutional investors own 90.46% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on HII. Barclays increased their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an "equal weight" rating in a research note on Monday, May 5th. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price objective for the company in a research report on Thursday, May 15th. Finally, The Goldman Sachs Group upped their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Huntington Ingalls Industries has a consensus rating of "Hold" and a consensus price target of $236.38.

Huntington Ingalls Industries Price Performance

HII stock traded down $0.96 during trading on Wednesday, reaching $226.88. 44,914 shares of the company were exchanged, compared to its average volume of 530,082. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.01 and a current ratio of 1.08. The company has a market cap of $8.90 billion, a P/E ratio of 16.26, a PEG ratio of 1.15 and a beta of 0.31. The stock's 50 day moving average price is $216.36 and its 200 day moving average price is $199.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly 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. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.80 billion. During the same quarter in the previous year, the company earned $3.87 EPS. The company's quarterly revenue was down 2.5% on a year-over-year basis. As a group, analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $1.35 dividend. This represents a $5.40 annualized dividend and a yield of 2.38%. The ex-dividend date is Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio (DPR) is 38.90%.

Insider Activity

In other news, CAO Nicolas G. Schuck sold 750 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were sold at an average price of $189.56, for a total transaction of $142,170.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,884 shares of the company's stock, valued at $546,691.04. This trade represents a 20.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Anastasi D. Kelly sold 1,960 shares of the 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 sale, 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 position. The disclosure for this sale can be found here. Insiders sold a total of 4,010 shares of company stock worth $899,510 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.