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

Huntington Ingalls Industries, Inc. (NYSE:HII) announced 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 dividend yield of 2.79%.

Huntington Ingalls Industries has increased its dividend by an average of 4.5% per year over the last three years and has raised its dividend every year for the last 11 years. Huntington Ingalls Industries has a payout ratio of 31.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $15.06 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 35.9%.

Huntington Ingalls Industries Price Performance

Shares of NYSE:HII opened at $193.59 on Thursday. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.79 and a quick ratio of 0.73. The business’s 50 day simple moving average is $194.43 and its 200-day simple moving average is $233.13. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted 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). The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.70 earnings per share. As a group, equities analysts forecast that Huntington Ingalls Industries will post 14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was 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 owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. The trade was a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.72% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HII shares. Alembic Global Advisors lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Bank of America dropped their price objective on 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. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Finally, The Goldman Sachs Group cut their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries has an average 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.