Clough Capital Partners L P Has $22.76 Million Holdings in Huntington Ingalls Industries, Inc. $HII

Clough Capital Partners L P grew its holdings in shares of Huntington Ingalls Industries, Inc. (NYSE:HII) by 2.6% in the 4th quarter, Holdings Channel reports. The fund owned 66,940 shares of the aerospace company’s stock after buying an additional 1,700 shares during the period. Huntington Ingalls Industries accounts for 2.0% of Clough Capital Partners L P’s investment portfolio, making the stock its 17th largest holding. Clough Capital Partners L P’s holdings in Huntington Ingalls Industries were worth $22,764,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of HII. Geneos Wealth Management Inc. raised its stake in Huntington Ingalls Industries by 40.1% during the first quarter. Geneos Wealth Management Inc. now owns 206 shares of the aerospace company’s stock worth $42,000 after acquiring an additional 59 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Huntington Ingalls Industries by 329.4% during the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 280 shares in the last quarter. Marshall Wace LLP raised its stake in Huntington Ingalls Industries by 432.1% during the second quarter. Marshall Wace LLP now owns 38,144 shares of the aerospace company’s stock worth $9,210,000 after acquiring an additional 30,975 shares in the last quarter. Cresset Asset Management LLC raised its stake in Huntington Ingalls Industries by 23.0% during the second quarter. Cresset Asset Management LLC now owns 1,575 shares of the aerospace company’s stock worth $381,000 after acquiring an additional 294 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in Huntington Ingalls Industries during the second quarter worth about $398,000. Institutional investors and hedge funds own 90.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the company. Citigroup lowered their target price on Huntington Ingalls Industries from $441.00 to $405.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Weiss Ratings cut Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price target on the stock. TD Cowen reduced their price target on Huntington Ingalls Industries from $460.00 to $420.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Wall Street Zen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $388.50.

Insider Buying and Selling

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the company’s stock in a transaction that occurred 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 sale, the vice president directly owned 8,391 shares in the company, valued at $2,681,595.78. This represents a 29.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by insiders.

Huntington Ingalls Industries Stock Performance

Shares of HII stock opened at $296.65 on Thursday. The business’s 50 day simple moving average is $337.39 and its 200 day simple moving average is $371.03. Huntington Ingalls Industries, Inc. has a one year low of $228.69 and a one year high of $460.00. The stock has a market capitalization of $11.69 billion, a PE ratio of 19.30, a PEG ratio of 1.26 and a beta of 0.23. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, beating the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the prior year, the business posted $3.79 earnings per share. The firm’s revenue was up 13.4% on a year-over-year basis. As a group, research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.32 earnings per share for the current year.

Huntington Ingalls Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. The ex-dividend date was Friday, May 29th. This represents a $5.52 annualized dividend and a yield of 1.9%. Huntington Ingalls Industries’s dividend payout ratio is presently 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.