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

Toronto Dominion Bank cut its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 13.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,241 shares of the aerospace company’s stock after selling 3,111 shares during the quarter. Toronto Dominion Bank’s holdings in Huntington Ingalls Industries were worth $4,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HII. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Huntington Ingalls Industries in the second quarter worth approximately $26,000. American National Bank bought a new position in Huntington Ingalls Industries in the 1st quarter worth $30,000. Riverview Trust Co purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth $30,000. Fidelis Capital Partners LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth $31,000. Finally, Larson Financial Group LLC raised its holdings in Huntington Ingalls Industries by 158.5% during the first quarter. Larson Financial Group LLC now owns 106 shares of the aerospace company’s stock valued at $31,000 after acquiring an additional 65 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Stock Performance

HII opened at $263.07 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.76 and a current ratio of 0.82. The stock has a market capitalization of $10.37 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.33 and a beta of 0.52. The company has a fifty day moving average of $268.28 and a 200 day moving average of $264.54. Huntington Ingalls Industries, Inc. has a fifty-two week low of $199.11 and a fifty-two week high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. The firm had revenue of $2.98 billion during the quarter, compared to analyst estimates of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business posted $3.27 earnings per share. As a group, sell-side analysts forecast that Huntington Ingalls Industries, Inc. will post 16.57 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 1.98%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 29.31%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $280.00 to $285.00 in a research note on Monday, September 9th.

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.