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

Key Points

• Clough Capital Partners L P increased its stake in Huntington Ingalls Industries by 25.2%, acquiring an additional 15,180 shares, bringing its total ownership to 75,520 shares, valued at approximately $15.41 million.
• Huntington Ingalls reported a quarterly earnings per share (EPS) of $3.86, exceeding analyst expectations of $3.23, while its revenue rose by 3.5% year-over-year to $3.08 billion.
• The company recently declared a quarterly dividend of $1.35 per share, representing an annualized dividend yield of 2.0% and a payout ratio of 40.42%.

Clough Capital Partners L P boosted its stake in shares of Huntington Ingalls Industries, Inc. (NYSE:HII - Free Report) by 25.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 75,520 shares of the aerospace company's stock after purchasing an additional 15,180 shares during the period. Huntington Ingalls Industries makes up approximately 1.9% of Clough Capital Partners L P's portfolio, making the stock its 17th biggest holding. Clough Capital Partners L P owned 0.19% of Huntington Ingalls Industries worth $15,409,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Sentry Investment Management LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $26,000. HM Payson & Co. boosted its stake in shares of Huntington Ingalls Industries by 71.9% during the 1st quarter. HM Payson & Co. now owns 153 shares of the aerospace company's stock worth $31,000 after acquiring an additional 64 shares in the last quarter. Park Square Financial Group LLC purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $31,000. Raiffeisen Bank International AG purchased a new stake in shares of Huntington Ingalls Industries during the 4th quarter worth about $36,000. Finally, Grove Bank & Trust purchased a new stake in shares of Huntington Ingalls Industries during the 1st quarter worth about $61,000. 90.46% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Huntington Ingalls Industries

In other news, VP Chad N. Boudreaux sold 1,965 shares of Huntington Ingalls Industries stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $228.94, for a total transaction of $449,867.10. Following the sale, the vice president owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.86% of the company's stock.

Huntington Ingalls Industries Price Performance

HII traded down $4.77 during trading on Monday, reaching $270.50. The company's stock had a trading volume of 363,920 shares, compared to its average volume of 399,731. The company has a quick ratio of 1.00, a current ratio of 1.08 and a debt-to-equity ratio of 0.55. The firm has a fifty day simple moving average of $259.40 and a two-hundred day simple moving average of $227.31. Huntington Ingalls Industries, Inc. has a 1 year low of $158.88 and a 1 year high of $293.14. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 20.25, a PEG ratio of 1.55 and a beta of 0.40.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last released its earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, topping analysts' consensus estimates of $3.23 by $0.63. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The business's revenue was up 3.5% on a year-over-year basis. During the same period last year, the company posted $4.38 EPS. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. As a group, analysts anticipate that Huntington Ingalls Industries, Inc. will post 13.99 EPS for the current year.

Huntington Ingalls Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 12th. Stockholders of record on Friday, August 29th will be given a dividend of $1.35 per share. This represents a $5.40 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 29th. Huntington Ingalls Industries's payout ratio is presently 40.42%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HII. TD Cowen raised shares of Huntington Ingalls Industries from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $300.00 in a research note on Thursday, July 10th. Barclays raised their price target on shares of Huntington Ingalls Industries from $235.00 to $295.00 and gave the company an "equal weight" rating in a research note on Monday, August 4th. Bank of America raised their price target on shares of Huntington Ingalls Industries from $180.00 to $260.00 and gave the company an "underperform" rating in a research note on Wednesday, August 13th. Zacks Research lowered shares of Huntington Ingalls Industries from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Wall Street Zen raised shares of Huntington Ingalls Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $267.00.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.