Clinton Group Inc. lessened its stake in Huntington Ingalls Industries, Inc. (NYSE:HII) by 52.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,107 shares of the aerospace company’s stock after selling 7,759 shares during the quarter. Clinton Group Inc.’s holdings in Huntington Ingalls Industries were worth $1,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of HII. Advisor Partners LLC boosted its stake in Huntington Ingalls Industries by 0.3% in the 2nd quarter. Advisor Partners LLC now owns 1,391 shares of the aerospace company’s stock worth $259,000 after purchasing an additional 4 shares in the last quarter. ProVise Management Group LLC grew its position in Huntington Ingalls Industries by 1.0% during the 2nd quarter. ProVise Management Group LLC now owns 2,548 shares of the aerospace company’s stock valued at $474,000 after purchasing an additional 26 shares during the last quarter. Somerset Trust Co increased its stake in Huntington Ingalls Industries by 1.0% during the 2nd quarter. Somerset Trust Co now owns 2,833 shares of the aerospace company’s stock valued at $528,000 after purchasing an additional 27 shares in the last quarter. TD Asset Management Inc. increased its stake in Huntington Ingalls Industries by 1.5% during the 1st quarter. TD Asset Management Inc. now owns 2,790 shares of the aerospace company’s stock valued at $559,000 after purchasing an additional 40 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Huntington Ingalls Industries by 6.3% during the 1st quarter. Van ECK Associates Corp now owns 673 shares of the aerospace company’s stock valued at $135,000 after purchasing an additional 40 shares in the last quarter. 85.45% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Huntington Ingalls Industries, Inc. (HII) Stake Lessened by Clinton Group Inc.” was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this article on another site, it was illegally stolen and reposted in violation of US & international copyright laws. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/04/huntington-ingalls-industries-inc-hii-stake-lessened-by-clinton-group-inc.html.

In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,362 shares of the firm’s stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $196.00, for a total value of $462,952.00. Following the completion of the sale, the vice president now owns 6,425 shares of the company’s stock, valued at $1,259,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now owns 19,865 shares in the company, valued at approximately $4,267,597.95. The disclosure for this sale can be found here. Insiders have sold a total of 6,147 shares of company stock worth $1,276,890 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.

Shares of Huntington Ingalls Industries, Inc. (NYSE:HII) traded down 0.18% during mid-day trading on Wednesday, hitting $231.59. 15,161 shares of the stock were exchanged. The stock has a market cap of $10.52 billion, a PE ratio of 18.92 and a beta of 1.18. The stock’s 50 day moving average is $214.33 and its 200-day moving average is $202.66. Huntington Ingalls Industries, Inc. has a 12 month low of $146.52 and a 12 month high of $232.98.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.79 billion. During the same quarter last year, the firm earned $2.32 EPS. The business’s quarterly revenue was up 9.3% on a year-over-year basis. On average, analysts anticipate that Huntington Ingalls Industries, Inc. will post $11.54 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio is currently 19.61%.

Several brokerages have issued reports on HII. BidaskClub raised shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG reiterated a “buy” rating and set a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Cowen and Company reissued a “hold” rating and set a $210.00 price target on shares of Huntington Ingalls Industries in a research report on Tuesday, August 22nd. Finally, Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price target for the company in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $205.00.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.

Institutional Ownership by Quarter for Huntington Ingalls Industries (NYSE:HII)

Receive News & Stock Ratings for Huntington Ingalls Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Huntington Ingalls Industries Inc. and related stocks with our FREE daily email newsletter.