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 12.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,240 shares of the aerospace company’s stock after selling 9,177 shares during the quarter. Huntington Ingalls Industries makes up about 1.6% of Clough Capital Partners L P’s investment portfolio, making the stock its 26th largest holding. Clough Capital Partners L P owned approximately 0.17% of Huntington Ingalls Industries worth $18,783,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Korea Investment CORP bought a new position in Huntington Ingalls Industries during the 2nd quarter valued at $1,604,000. Primoris Wealth Advisors LLC bought a new stake in shares of Huntington Ingalls Industries in the 3rd quarter worth about $2,260,000. CWA Asset Management Group LLC raised its stake in shares of Huntington Ingalls Industries by 51.2% in the 3rd quarter. CWA Asset Management Group LLC now owns 24,746 shares of the aerospace company’s stock valued at $7,125,000 after purchasing an additional 8,384 shares in the last quarter. SS&H Financial Advisors Inc. raised its stake in shares of Huntington Ingalls Industries by 76.7% in the 3rd quarter. SS&H Financial Advisors Inc. now owns 8,120 shares of the aerospace company’s stock valued at $2,338,000 after purchasing an additional 3,525 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its position in shares of Huntington Ingalls Industries by 31.2% during the third quarter. Jones Financial Companies Lllp now owns 12,560 shares of the aerospace company’s stock worth $3,502,000 after purchasing an additional 2,990 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HII. Citigroup boosted their price objective on Huntington Ingalls Industries from $450.00 to $465.00 and gave the company a “buy” rating in a report on Tuesday, February 10th. TD Cowen increased their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, March 6th. Melius Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $300.00 to $400.00 in a report on Thursday, February 12th. Finally, Weiss Ratings lowered Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 5th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Huntington Ingalls Industries has an average rating of “Hold” and a consensus price target of $384.13.

Huntington Ingalls Industries Trading Up 0.1%

Huntington Ingalls Industries stock opened at $415.15 on Friday. Huntington Ingalls Industries, Inc. has a 52-week low of $177.42 and a 52-week high of $460.00. The company has a quick ratio of 1.06, a current ratio of 1.13 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $16.29 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 1.70 and a beta of 0.32. The firm has a 50-day moving average price of $416.32 and a two-hundred day moving average price of $341.90.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.32. Huntington Ingalls Industries had a return on equity of 12.28% and a net margin of 4.85%.The firm had revenue of $3.48 billion for the quarter, compared to the consensus estimate of $3.09 billion. During the same quarter in the previous year, the business earned $3.15 EPS. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. Sell-side analysts expect that Huntington Ingalls Industries, Inc. will post 13.99 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Friday, February 27th were paid a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Friday, February 27th. Huntington Ingalls Industries’s payout ratio is currently 35.91%.

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.