TD Private Client Wealth LLC Decreases Stock Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

TD Private Client Wealth LLC decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 1.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 3,360 shares of the aerospace company’s stock after selling 53 shares during the period. TD Private Client Wealth LLC’s holdings in Huntington Ingalls Industries were worth $888,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HII. Kathleen S. Wright Associates Inc. acquired a new stake in Huntington Ingalls Industries in the 3rd quarter worth approximately $29,000. Family Firm Inc. acquired a new stake in shares of Huntington Ingalls Industries during the second quarter worth $35,000. Rothschild Investment LLC purchased a new stake in shares of Huntington Ingalls Industries during the second quarter valued at $37,000. ORG Partners LLC grew its holdings in shares of Huntington Ingalls Industries by 484.6% during the second quarter. ORG Partners LLC now owns 152 shares of the aerospace company’s stock valued at $38,000 after buying an additional 126 shares during the last quarter. Finally, Northwest Investment Counselors LLC acquired a new position in shares of Huntington Ingalls Industries in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $192.14 on Friday. The company has a market capitalization of $7.52 billion, a PE ratio of 10.85, a price-to-earnings-growth ratio of 1.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company’s fifty day moving average price is $217.57 and its 200 day moving average price is $245.37. Huntington Ingalls Industries, Inc. has a 1 year low of $184.29 and a 1 year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the company earned $3.70 earnings per share. The company’s revenue was down 2.4% compared to the same quarter last year. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 14.01 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were issued a $1.35 dividend. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30. This represents a $5.40 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend was Friday, November 29th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 30.49%.

Insider Activity

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total value of $82,096.00. Following the sale, the vice president now owns 19,627 shares in the company, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on HII. Deutsche Bank Aktiengesellschaft lowered their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a report on Friday, November 1st. The Goldman Sachs Group decreased their price objective on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Bank of America cut their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Huntington Ingalls Industries currently has a consensus rating of “Hold” and a consensus price target of $228.89.

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.