Clough Capital Partners L P Trims Position in Huntington Ingalls Industries, Inc. $HII

Clough Capital Partners L P decreased its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 74.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. 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 and other institutional investors have also recently made changes to their positions in HII. M&T Bank Corp lifted its holdings in shares of Huntington Ingalls Industries by 205.8% during the fourth quarter. M&T Bank Corp now owns 40,031 shares of the aerospace company’s stock worth $13,613,000 after purchasing an additional 26,940 shares during the period. Chase Investment Counsel Corp purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $4,634,000. Builder Investment Group Inc. ADV purchased a new position in Huntington Ingalls Industries during the 4th quarter worth $6,815,000. Goldman Sachs Group Inc. lifted its stake in shares of Huntington Ingalls Industries by 71.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 365,760 shares of the aerospace company’s stock worth $124,384,000 after acquiring an additional 152,624 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of Huntington Ingalls Industries by 640.5% in the fourth quarter. SG Americas Securities LLC now owns 37,588 shares of the aerospace company’s stock valued at $12,783,000 after acquiring an additional 32,512 shares in the last quarter. Hedge funds and other institutional investors own 90.46% of the company’s stock.

Huntington Ingalls Industries Trading Down 0.0%

Huntington Ingalls Industries stock opened at $287.55 on Monday. The stock has a 50-day moving average price of $292.90 and a 200 day moving average price of $361.48. Huntington Ingalls Industries, Inc. has a 52 week low of $256.45 and a 52 week high of $460.00. The stock has a market cap of $11.33 billion, a PE ratio of 18.71, a P/E/G ratio of 1.23 and a beta of 0.25. The company has a current ratio of 1.19, a quick ratio of 1.11 and a debt-to-equity ratio of 0.52.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.09. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. The business had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $3.79 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. Equities research 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 firm also recently declared a quarterly dividend, which was paid on Friday, June 12th. Shareholders of record on Friday, May 29th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Activity

In other news, VP Edmond E. Jr. Hughes sold 3,500 shares of Huntington Ingalls Industries stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the completion of the sale, the vice president owned 8,391 shares of the company’s stock, valued at $2,681,595.78. The trade was a 29.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.