Huntington Ingalls Industries, Inc. $HII Shares Sold by Clough Capital Partners L P

Clough Capital Partners L P reduced its position in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 12.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,240 shares of the aerospace company’s stock after selling 9,177 shares during the quarter. Huntington Ingalls Industries comprises 1.6% of Clough Capital Partners L P’s portfolio, making the stock its 26th largest holding. Clough Capital Partners L P’s holdings in Huntington Ingalls Industries were worth $18,783,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HII. Geneos Wealth Management Inc. lifted its holdings in shares of Huntington Ingalls Industries by 40.1% in the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock valued at $42,000 after buying an additional 59 shares during the period. Savant Capital LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth about $352,000. AE Wealth Management LLC grew its holdings in Huntington Ingalls Industries by 30.2% during the second quarter. AE Wealth Management LLC now owns 1,984 shares of the aerospace company’s stock worth $479,000 after acquiring an additional 460 shares during the period. ProShare Advisors LLC raised its position in Huntington Ingalls Industries by 40.3% in the second quarter. ProShare Advisors LLC now owns 12,623 shares of the aerospace company’s stock worth $3,048,000 after acquiring an additional 3,626 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Huntington Ingalls Industries by 66.6% in the 2nd quarter. Allworth Financial LP now owns 533 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 213 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

Huntington Ingalls Industries Stock Up 0.1%

Shares of NYSE:HII opened at $415.15 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.06 and a current ratio of 1.13. The company has a market cap of $16.29 billion, a PE ratio of 27.01, a price-to-earnings-growth ratio of 1.70 and a beta of 0.32. Huntington Ingalls Industries, Inc. has a 52 week low of $177.42 and a 52 week high of $460.00. The firm has a 50 day simple moving average of $416.32 and a 200 day simple moving average of $341.90.

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

Huntington Ingalls Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, February 27th. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 35.91%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HII. TD Cowen raised their price objective on shares of Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, March 6th. Bank of America raised shares of Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and increased their target price for the company from $300.00 to $400.00 in a research note on Thursday, February 12th. Wall Street Zen cut shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price target on shares of Huntington Ingalls Industries in a report on Wednesday, February 11th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $384.13.

Insiders Place Their Bets

In related news, EVP Eric D. Chewning sold 1,700 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $433.44, for a total value of $736,848.00. Following the completion of the sale, the executive vice president directly owned 1,949 shares of the company’s stock, valued at approximately $844,774.56. This represents a 46.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Chad N. Boudreaux sold 4,400 shares of the firm’s stock in a transaction dated Thursday, March 5th. The stock was sold at an average price of $422.45, for a total value of $1,858,780.00. Following the sale, the vice president owned 20,360 shares of the company’s stock, valued at $8,601,082. The trade was a 17.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Profile

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.