Toronto Dominion Bank raised its stake in shares of Huntington Ingalls Industries Inc (NYSE:HII) by 29.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,770 shares of the aerospace company’s stock after buying an additional 7,448 shares during the quarter. Toronto Dominion Bank’s holdings in Huntington Ingalls Industries were worth $6,788,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Amalgamated Bank raised its stake in Huntington Ingalls Industries by 45.6% during the fourth quarter. Amalgamated Bank now owns 9,969 shares of the aerospace company’s stock valued at $1,897,000 after buying an additional 3,120 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Huntington Ingalls Industries by 4.4% in the 4th quarter. Victory Capital Management Inc. now owns 105,253 shares of the aerospace company’s stock worth $20,031,000 after purchasing an additional 4,473 shares in the last quarter. AGF Investments America Inc. increased its holdings in shares of Huntington Ingalls Industries by 2.5% in the 4th quarter. AGF Investments America Inc. now owns 5,900 shares of the aerospace company’s stock worth $1,123,000 after purchasing an additional 143 shares in the last quarter. ARP Americas LP increased its holdings in shares of Huntington Ingalls Industries by 11.3% in the 4th quarter. ARP Americas LP now owns 2,951 shares of the aerospace company’s stock worth $562,000 after purchasing an additional 300 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Huntington Ingalls Industries by 6.7% in the 3rd quarter. Legal & General Group Plc now owns 224,493 shares of the aerospace company’s stock worth $57,482,000 after purchasing an additional 14,150 shares in the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
NYSE HII traded up $0.47 on Tuesday, hitting $210.42. 3,394 shares of the company traded hands, compared to its average volume of 359,509. The company has a market capitalization of $8.60 billion, a PE ratio of 11.01 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.92 and a current ratio of 0.98. Huntington Ingalls Industries Inc has a 52-week low of $173.80 and a 52-week high of $262.32.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.86 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $3.44 annualized dividend and a yield of 1.63%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 18.02%.
A number of analysts have commented on the company. Barclays lowered Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and reduced their target price for the stock from $245.00 to $215.00 in a report on Wednesday, January 23rd. ValuEngine raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Huntington Ingalls Industries has an average rating of “Hold” and an average target price of $251.69.
In other news, Director Thomas B. Fargo sold 700 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $220.57, for a total value of $154,399.00. Following the transaction, the director now directly owns 648 shares in the company, valued at $142,929.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerri F. Dickseski sold 542 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $225.00, for a total value of $121,950.00. Following the completion of the transaction, the vice president now owns 35,907 shares in the company, valued at $8,079,075. The disclosure for this sale can be found here. Insiders have sold 12,951 shares of company stock worth $2,705,117 over the last quarter. 2.65% of the stock is owned by company insiders.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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