Creekmur Asset Management LLC Takes $669,000 Position in Huntington Ingalls Industries, Inc. (NYSE:HII)

Creekmur Asset Management LLC purchased a new stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) during the 1st quarter, HoldingsChannel reports. The fund purchased 3,279 shares of the aerospace company’s stock, valued at approximately $669,000.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Huntington Ingalls Industries by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 5,029,322 shares of the aerospace company’s stock worth $950,391,000 after acquiring an additional 14,988 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Huntington Ingalls Industries by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,048,482 shares of the aerospace company’s stock worth $197,677,000 after acquiring an additional 29,670 shares in the last quarter. Earnest Partners LLC boosted its stake in shares of Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company’s stock worth $157,216,000 after acquiring an additional 204,376 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Huntington Ingalls Industries by 15.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 578,488 shares of the aerospace company’s stock worth $109,316,000 after acquiring an additional 77,718 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Huntington Ingalls Industries by 75,182.7% during the 1st quarter. GAMMA Investing LLC now owns 492,349 shares of the aerospace company’s stock worth $1,004,590,000 after acquiring an additional 491,695 shares in the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on HII shares. TD Cowen raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating and raised their target price for the stock from $250.00 to $300.00 in a research report on Thursday, July 10th. Barclays lifted their price target on Huntington Ingalls Industries from $200.00 to $235.00 and gave the company an “equal weight” rating in a report on Monday, May 5th. The Goldman Sachs Group lifted their price target on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, Alembic Global Advisors upgraded Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating and set a $265.00 price target on the stock in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $251.38.

Insiders Place Their Bets

In other news, VP Edmond E. Jr. Hughes sold 1,300 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $231.91, for a total value of $301,483.00. Following the sale, the vice president directly owned 9,581 shares in the company, valued at approximately $2,221,929.71. This represents a 11.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the sale, the director owned 17,485 shares in the company, valued at approximately $4,066,661.30. This trade represents a 10.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,225 shares of company stock worth $1,207,207. 0.72% of the stock is currently owned by company insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII opened at $256.04 on Friday. Huntington Ingalls Industries, Inc. has a 12 month low of $158.88 and a 12 month high of $285.81. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The firm has a market cap of $10.05 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 1.56 and a beta of 0.31. The company’s fifty day moving average is $235.40 and its 200-day moving average is $210.54.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported $3.79 earnings per share for the quarter, topping the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.80 billion. During the same quarter in the previous year, the firm earned $3.87 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. Equities analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a $1.35 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.11%. Huntington Ingalls Industries’s dividend payout ratio is currently 38.90%.

Huntington Ingalls Industries Company 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.