Armstrong Fleming & Moore Inc Invests $945,000 in Huntington Ingalls Industries, Inc. (NYSE:HII)

Armstrong Fleming & Moore Inc purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,633 shares of the aerospace company's stock, valued at approximately $945,000. Huntington Ingalls Industries makes up approximately 1.1% of Armstrong Fleming & Moore Inc's portfolio, making the stock its 23rd biggest position.

Other institutional investors have also modified their holdings of the company. Generali Asset Management SPA SGR acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $2,056,000. Assetmark Inc. raised its holdings in Huntington Ingalls Industries by 2,154.9% in the 4th quarter. Assetmark Inc. now owns 7,802 shares of the aerospace company's stock valued at $1,474,000 after acquiring an additional 7,456 shares during the last quarter. Northcape Wealth Management LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $3,642,000. Essential Planning LLC. acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $2,457,000. Finally, Integrated Quantitative Investments LLC acquired a new position in Huntington Ingalls Industries in the 4th quarter valued at $283,000. Hedge funds and other institutional investors own 90.46% of the company's stock.

Huntington Ingalls Industries Stock Up 0.9%

NYSE HII traded up $1.94 during trading hours on Friday, hitting $226.72. The company had a trading volume of 312,975 shares, compared to its average volume of 541,251. Huntington Ingalls Industries, Inc. has a fifty-two week low of $158.88 and a fifty-two week high of $285.81. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 16.24, a P/E/G ratio of 1.15 and a beta of 0.29. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. The firm's 50 day moving average is $219.71 and its 200 day moving average is $200.78.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. Huntington Ingalls Industries had a return on equity of 12.81% and a net margin of 4.77%. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.80 billion. During the same period in the prior year, the firm earned $3.87 EPS. The firm's quarterly revenue was down 2.5% compared to the same quarter last year. Sell-side analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current fiscal year.

Huntington Ingalls Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Investors of record on Friday, May 30th will be issued a $1.35 dividend. The ex-dividend date is Friday, May 30th. This represents a $5.40 annualized dividend and a yield of 2.38%. Huntington Ingalls Industries's dividend payout ratio is currently 38.90%.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP Chad N. Boudreaux sold 1,965 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total value of $449,867.10. Following the completion of the transaction, the vice president now directly owns 21,228 shares of the company's stock, valued at $4,859,938.32. This represents a 8.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of the company's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $231.91, for a total transaction of $301,483.00. Following the completion of the transaction, the vice president now directly owns 9,581 shares of the company's stock, valued at approximately $2,221,929.71. The trade was a 11.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,225 shares of company stock valued at $1,207,207 in the last ninety days. Insiders own 0.72% of the company's stock.

Wall Street Analyst Weigh In

HII has been the subject of several analyst reports. Alembic Global Advisors upgraded Huntington Ingalls Industries from a "neutral" rating to an "overweight" rating and set a $265.00 price target for the company in a report on Thursday, May 15th. Barclays upped their price objective on Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a report on Monday, May 5th. Finally, The Goldman Sachs Group upped their price objective on Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average target price of $236.38.

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.