Huntington Ingalls Industries, Inc. (NYSE:HII) Announces Quarterly Dividend of $1.35

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 1.35 per share by the aerospace company on Friday, December 13th. This represents a $5.40 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30.

Huntington Ingalls Industries has raised its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Huntington Ingalls Industries has a payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $16.10 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 33.5%.

Huntington Ingalls Industries Price Performance

Shares of NYSE HII opened at $199.33 on Thursday. The business has a 50 day moving average price of $235.67 and a two-hundred day moving average price of $250.84. Huntington Ingalls Industries has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The firm has a market cap of $7.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.87 billion. Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $3.70 EPS. Sell-side analysts expect that Huntington Ingalls Industries will post 14.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target on the stock. in a research report on Thursday, October 10th. Wolfe Research downgraded shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $280.00 to $285.00 in a report on Monday, September 9th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction on Monday, November 11th. The stock was sold at an average price of $205.24, for a total transaction of $82,096.00. Following the sale, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.