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. Shareholders 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 yield of 2.73%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30.

Huntington Ingalls Industries has increased its dividend payment by an average of 5.9% annually over the last three years and has raised its dividend every year for the last 13 years. Huntington Ingalls Industries has a dividend payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. 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 $197.98 on Wednesday. The company’s fifty day moving average is $237.02 and its two-hundred day moving average is $251.22. 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 firm has a market capitalization of $7.75 billion, a P/E ratio of 11.18, a PEG ratio of 1.85 and a beta of 0.55. Huntington Ingalls Industries has a one year low of $184.29 and a one year high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last issued its earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the previous year, the company posted $3.70 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts forecast that Huntington Ingalls Industries will post 14.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. StockNews.com downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Barclays dropped their price target on Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. JPMorgan Chase & Co. lowered shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $280.00 to $285.00 in a research report on Monday, September 9th. 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, Alembic Global Advisors downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price target on the stock. in a 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $228.89.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the 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 transaction, the vice president now owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.72% of the company’s stock.

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.