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

Clough Capital Partners L P lowered its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 74.1% during the first quarter, HoldingsChannel.com reports. The firm owned 17,325 shares of the aerospace company’s stock after selling 49,615 shares during the period. Clough Capital Partners L P’s holdings in Huntington Ingalls Industries were worth $6,582,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HII. Northwestern Mutual Wealth Management Co. grew its stake in shares of Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock valued at $675,572,000 after buying an additional 1,981,424 shares during the period. AQR Capital Management LLC raised its position in shares of Huntington Ingalls Industries by 85.0% in the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock worth $369,186,000 after buying an additional 498,690 shares during the period. Van ECK Associates Corp boosted its holdings in Huntington Ingalls Industries by 32.1% in the fourth quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after acquiring an additional 400,428 shares during the last quarter. Marshall Wace LLP grew its position in Huntington Ingalls Industries by 588.1% during the fourth quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock valued at $119,663,000 after acquiring an additional 300,740 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Huntington Ingalls Industries by 390.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock worth $97,036,000 after acquiring an additional 227,126 shares during the last quarter. Institutional investors and hedge funds own 90.46% of the company’s stock.

Insider Activity at Huntington Ingalls Industries

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the transaction, the vice president directly owned 8,391 shares of the company’s stock, valued at approximately $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Huntington Ingalls Industries Price Performance

HII stock opened at $287.55 on Monday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. Huntington Ingalls Industries, Inc. has a 1 year low of $256.45 and a 1 year high of $460.00. The firm has a market cap of $11.33 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.23 and a beta of 0.25. The stock has a 50-day simple moving average of $292.90 and a 200-day simple moving average of $361.48.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.Huntington Ingalls Industries’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.79 EPS. On average, equities analysts predict that Huntington Ingalls Industries, Inc. will post 17.31 earnings per share for the current fiscal year.

Huntington Ingalls Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 12th. Stockholders of record on Friday, May 29th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 35.91%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HII shares. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. TD Cowen dropped their target price on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating for the company in a research report on Monday, July 13th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They issued an “equal weight” rating and a $400.00 price target on the stock. Weiss Ratings cut shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Finally, Citigroup decreased their price objective on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $374.00.

Huntington Ingalls Industries Company 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.