TD Asset Management Inc Raises Stock Holdings in Huntington Ingalls Industries, Inc. $HII

TD Asset Management Inc raised its position in Huntington Ingalls Industries, Inc. (NYSE:HII) by 67.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 51,320 shares of the aerospace company’s stock after purchasing an additional 20,691 shares during the period. TD Asset Management Inc’s holdings in Huntington Ingalls Industries were worth $17,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. lifted its stake in Huntington Ingalls Industries by 38,526.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after buying an additional 1,981,424 shares during the last quarter. Geode Capital Management LLC lifted its stake in Huntington Ingalls Industries by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 1,116,501 shares of the aerospace company’s stock valued at $379,098,000 after buying an additional 56,618 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Huntington Ingalls Industries by 5.9% in the third quarter. Dimensional Fund Advisors LP now owns 966,622 shares of the aerospace company’s stock valued at $278,272,000 after buying an additional 54,139 shares during the last quarter. Earnest Partners LLC lifted its stake in Huntington Ingalls Industries by 0.7% in the third quarter. Earnest Partners LLC now owns 901,140 shares of the aerospace company’s stock valued at $259,447,000 after buying an additional 6,046 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Huntington Ingalls Industries by 12.9% in the third quarter. First Trust Advisors LP now owns 670,268 shares of the aerospace company’s stock valued at $192,977,000 after buying an additional 76,512 shares during the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Wall Street Analyst Weigh In

HII has been the subject of a number of research reports. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Citigroup cut their price target on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Sanford C. Bernstein restated a “market perform” rating and set a $421.00 price target on shares of Huntington Ingalls Industries in a research note on Wednesday, February 11th. Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Finally, TD Cowen cut their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $388.50.

Huntington Ingalls Industries Price Performance

Huntington Ingalls Industries stock opened at $292.09 on Tuesday. Huntington Ingalls Industries, Inc. has a 12 month low of $215.04 and a 12 month high of $460.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business has a 50 day simple moving average of $350.23 and a 200-day simple moving average of $371.68. The stock has a market capitalization of $11.51 billion, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.24 and a beta of 0.23.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the business earned $3.79 earnings per share. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $1.38 dividend. The ex-dividend date is Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is presently 35.91%.

Insider Transactions at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the transaction, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries 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.