TD Waterhouse Canada Inc. Sells 34,984 Shares of Huntington Ingalls Industries, Inc. $HII

TD Waterhouse Canada Inc. lowered its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 88.2% in the second quarter, HoldingsChannel reports. The firm 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 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. NEOS Investment Management LLC lifted its position in shares of Huntington Ingalls Industries by 16.0% in the second quarter. NEOS Investment Management LLC now owns 6,142 shares of the aerospace company’s stock valued at $1,719,000 after buying an additional 845 shares during the last quarter. AXQ Capital LP bought a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $1,949,000. Continuum Advisory LLC acquired a new position in shares of Huntington Ingalls Industries during the 2nd quarter worth approximately $132,000. Nykredit A S bought a new stake in Huntington Ingalls Industries in the 2nd quarter valued at $321,000. Finally, Rehmann Capital Advisory Group lifted its holdings in Huntington Ingalls Industries by 80.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 1,067 shares of the aerospace company’s stock valued at $299,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of Huntington Ingalls Industries stock opened at $287.72 on Wednesday. The company has a 50 day moving average of $297.73 and a 200-day moving average of $338.38. The company has a market cap 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. The company has a current ratio of 1.23, a quick ratio of 1.14 and a debt-to-equity ratio of 0.51. Huntington Ingalls Industries, Inc. has a 1-year low of $263.62 and a 1-year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%.The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.86 EPS. As a group, equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 18.47 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

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

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 shares were sold at an average price of $324.92, for a total value of $4,246,704.40. Following the sale, the chief executive officer 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 sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

HII has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 4th. Sanford C. Bernstein set a $341.00 price objective on shares of Huntington Ingalls Industries in a research report on Tuesday, August 25th. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 18th. TD Cowen dropped their price target on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a report on Monday, July 13th. Finally, Weiss Ratings upgraded Huntington Ingalls Industries from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 31st. Five investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $368.88.

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.