Huntington Ingalls Industries, Inc. (HII) to Issue Quarterly Dividend of $1.35 on March 14th

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Thursday, January 30th,RTT News reports. Investors of record on Friday, February 28th will be paid a dividend of 1.35 per share by the aerospace company on Friday, March 14th. This represents a $5.40 annualized dividend and a yield of 2.74%. The ex-dividend date is Friday, February 28th.

Huntington Ingalls Industries has raised its dividend payment by an average of 4.5% annually over the last three years and has raised its dividend annually for the last 11 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $15.14 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 35.7%.

Huntington Ingalls Industries Trading Up 0.8 %

Shares of HII stock opened at $197.15 on Friday. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50. The company has a 50-day simple moving average of $194.40 and a two-hundred day simple moving average of $232.47. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The company has a market capitalization of $7.71 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 1.73 and a beta of 0.56.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). Huntington Ingalls Industries had a return on equity of 16.89% and a net margin of 5.99%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same quarter last year, the business posted $3.70 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. Research analysts anticipate that Huntington Ingalls Industries will post 14.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HII has been the subject of several research reports. Bank of America reduced their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a research report on Wednesday, November 13th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. The Goldman Sachs Group decreased their target price on Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $228.89.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.72% of the stock is currently owned by insiders.

About Huntington Ingalls Industries

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.