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

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 dividend on an annualized basis and a dividend yield of 2.76%.

Huntington Ingalls Industries has raised its dividend by an average of 4.5% per year over the last three years and has increased its dividend every year for the last 11 years. Huntington Ingalls Industries has a dividend payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

HII stock opened at $195.54 on Friday. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 11.04, a PEG ratio of 1.73 and a beta of 0.56. Huntington Ingalls Industries has a fifty-two week low of $184.29 and a fifty-two week high of $299.50. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41. The business has a 50 day moving average price of $194.44 and a 200 day moving average price of $232.87.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 EPS 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 firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same period last year, the firm earned $3.70 EPS. The company’s quarterly revenue was down 2.4% on a year-over-year basis. Equities research analysts anticipate that Huntington Ingalls Industries will post 14.09 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP D R. Wyatt sold 400 shares of Huntington Ingalls Industries stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the sale, the vice president now directly owns 19,627 shares in the company, valued at $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HII. Vertical Research cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price on the stock. in a research report on Thursday, October 10th. Alembic Global Advisors cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 price objective for the company. in a research report on Friday, November 1st. TD Cowen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price target on the stock. in a research note on Friday, November 1st. Barclays reduced their price objective on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, The Goldman Sachs Group dropped their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two equities research 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. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $228.89.

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.