Creekmur Asset Management LLC Grows Position in Huntington Ingalls Industries, Inc. $HII

Creekmur Asset Management LLC boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 42.3% during the 2nd quarter, Holdings Channel reports. The firm owned 4,666 shares of the aerospace company’s stock after acquiring an additional 1,387 shares during the quarter. Creekmur Asset Management LLC’s holdings in Huntington Ingalls Industries were worth $1,127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Earnest Partners LLC raised its stake in shares of Huntington Ingalls Industries by 7.5% in the first quarter. Earnest Partners LLC now owns 894,155 shares of the aerospace company’s stock worth $182,443,000 after purchasing an additional 62,190 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Huntington Ingalls Industries by 26.0% in the first quarter. Dimensional Fund Advisors LP now owns 728,692 shares of the aerospace company’s stock worth $148,686,000 after purchasing an additional 150,204 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 27.3% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 534,737 shares of the aerospace company’s stock valued at $109,108,000 after acquiring an additional 114,635 shares during the last quarter. Auto Owners Insurance Co boosted its holdings in shares of Huntington Ingalls Industries by 273.2% in the 1st quarter. Auto Owners Insurance Co now owns 455,308 shares of the aerospace company’s stock valued at $92,901,000 after acquiring an additional 333,308 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of Huntington Ingalls Industries by 94.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 408,305 shares of the aerospace company’s stock valued at $83,311,000 after acquiring an additional 197,825 shares during the last quarter. 90.46% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HII has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. TD Cowen raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Barclays upped their target price on Huntington Ingalls Industries from $235.00 to $295.00 and gave the stock an “equal weight” rating in a research note on Monday, August 4th. Bank of America upped their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen downgraded Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $262.67.

Huntington Ingalls Industries Stock Performance

Shares of NYSE HII opened at $318.54 on Friday. The company’s fifty day moving average price is $280.73 and its 200 day moving average price is $254.85. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $330.00. The company has a market capitalization of $12.50 billion, a PE ratio of 23.84, a price-to-earnings-growth ratio of 1.71 and a beta of 0.38. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.00 and a current ratio of 1.08.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, October 30th. The aerospace company reported $3.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.29 by $0.39. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the prior year, the firm posted $2.56 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, research analysts predict that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 12th. Investors of record on Friday, November 28th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 1.7%. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.35. The ex-dividend date of this dividend is Friday, November 28th. Huntington Ingalls Industries’s payout ratio is currently 40.42%.

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.