Creekmur Asset Management LLC Has $879,000 Stake in Huntington Ingalls Industries, Inc. $HII

Creekmur Asset Management LLC cut its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 34.5% during the third quarter, Holdings Channel reports. The institutional investor owned 3,054 shares of the aerospace company’s stock after selling 1,612 shares during the quarter. Creekmur Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of HII. Geode Capital Management LLC boosted its stake in Huntington Ingalls Industries by 1.6% during the second quarter. Geode Capital Management LLC now owns 1,047,205 shares of the aerospace company’s stock worth $252,403,000 after buying an additional 16,236 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Huntington Ingalls Industries by 4.0% during the 2nd quarter. Bank of America Corp DE now owns 666,440 shares of the aerospace company’s stock worth $160,919,000 after acquiring an additional 25,737 shares during the period. Sei Investments Co. boosted its holdings in Huntington Ingalls Industries by 4.2% during the second quarter. Sei Investments Co. now owns 465,250 shares of the aerospace company’s stock valued at $112,337,000 after purchasing an additional 18,777 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of Huntington Ingalls Industries in the 2nd quarter valued at approximately $93,332,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Huntington Ingalls Industries by 1.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 383,033 shares of the aerospace company’s stock worth $92,487,000 after buying an additional 6,670 shares in the last quarter. Institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $444.53 on Friday. Huntington Ingalls Industries, Inc. has a one year low of $167.70 and a one year high of $451.86. The stock has a market cap of $17.44 billion, a P/E ratio of 28.92, a P/E/G ratio of 1.81 and a beta of 0.34. The company has a fifty day moving average price of $400.70 and a two-hundred day moving average price of $330.76. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 5th. The aerospace company reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.72 by $0.32. The firm had revenue of $3.48 billion for the quarter, compared to analyst estimates of $3.09 billion. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The company’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm posted $3.15 EPS. As a group, equities analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Friday, February 27th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

Several analysts recently commented on the company. JPMorgan Chase & Co. boosted their price target on Huntington Ingalls Industries from $287.00 to $342.00 and gave the company a “neutral” rating in a research note on Monday, November 3rd. Weiss Ratings raised shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 19th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 31st. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $300.00 to $400.00 in a research report on Thursday, February 12th. Finally, Citigroup increased their price objective on shares of Huntington Ingalls Industries from $450.00 to $465.00 and gave the stock a “buy” rating in a report on Tuesday, February 10th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $370.38.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.