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

Creekmur Asset Management LLC purchased a new position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,279 shares of the aerospace company's stock, valued at approximately $669,000.

A number of other large investors have also recently made changes to their positions in HII. 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 purchasing an additional 491,695 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of Huntington Ingalls Industries by 1,648.4% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 375,872 shares of the aerospace company's stock worth $71,029,000 after purchasing an additional 354,374 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Huntington Ingalls Industries by 4,900.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 210,480 shares of the aerospace company's stock valued at $39,774,000 after buying an additional 206,271 shares in the last quarter. Earnest Partners LLC lifted its holdings in Huntington Ingalls Industries by 32.6% during the 4th quarter. Earnest Partners LLC now owns 831,965 shares of the aerospace company's stock valued at $157,216,000 after buying an additional 204,376 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in Huntington Ingalls Industries during the 4th quarter valued at about $37,800,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Alembic Global Advisors upgraded shares of 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. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $236.00 to $265.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. TD Cowen upgraded shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $250.00 to $300.00 in a research note on Thursday, July 10th. Finally, Barclays boosted their price objective on shares of Huntington Ingalls Industries from $200.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $251.38.

Huntington Ingalls Industries Price Performance

HII traded down $0.98 during midday trading on Friday, hitting $254.37. 542,810 shares of the company traded hands, compared to its average volume of 563,861. The company has a current ratio of 1.07, a quick ratio of 0.99 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 18.33, a PEG ratio of 1.57 and a beta of 0.31. Huntington Ingalls Industries, Inc. has a 52-week low of $158.88 and a 52-week high of $285.81. The business has a 50 day simple moving average of $235.85 and a two-hundred day simple moving average of $210.99.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results 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 net margin of 4.76% and a return on equity of 12.26%. The firm had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.80 billion. During the same period last year, the firm posted $3.87 earnings per share. The company's revenue for the quarter was down 2.5% on a year-over-year basis. On average, equities analysts forecast 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 was paid on Friday, June 13th. Shareholders of record on Friday, May 30th were given a dividend of $1.35 per share. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Friday, May 30th. Huntington Ingalls Industries's dividend payout ratio is presently 38.90%.

Insider Activity

In related news, Director Anastasi D. Kelly sold 1,960 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the transaction, the director owned 17,485 shares in the company, valued at $4,066,661.30. The trade was a 10.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Edmond E. Jr. Hughes sold 1,300 shares of Huntington Ingalls Industries stock in a transaction that occurred on Wednesday, May 7th. The stock was 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 owned 9,581 shares of the company's stock, valued at $2,221,929.71. This represents a 11.95% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,225 shares of company stock valued at $1,207,207. 0.72% of the stock is currently owned by company insiders.

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.