Huntington Ingalls Industries, Inc. (NYSE:HII) Increases Dividend to $1.35 Per Share

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 29th will be paid 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 2.16%. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $1.30.

Huntington Ingalls Industries has increased its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 27.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $18.84 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 27.6%.

Huntington Ingalls Industries Price Performance

Shares of Huntington Ingalls Industries stock opened at $250.49 on Thursday. Huntington Ingalls Industries has a 52 week low of $217.29 and a 52 week high of $299.50. The company has a current ratio of 0.82, a quick ratio of 0.76 and a debt-to-equity ratio of 0.41. The stock has a market cap of $9.88 billion, a PE ratio of 14.12, a price-to-earnings-growth ratio of 2.25 and a beta of 0.52. The company’s 50-day moving average price is $264.06 and its two-hundred day moving average price is $260.08.

Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 1st. The aerospace company reported $4.38 EPS for the quarter, topping analysts’ consensus estimates of $3.61 by $0.77. The business had revenue of $2.98 billion for the quarter, compared to the consensus estimate of $2.84 billion. Huntington Ingalls Industries had a net margin of 6.35% and a return on equity of 18.55%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.27 EPS. As a group, sell-side analysts anticipate that Huntington Ingalls Industries will post 16.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, October 23rd. Vertical Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 price target for the company. in a research report on Thursday, October 10th. JPMorgan Chase & Co. cut Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, Wolfe Research lowered shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $290.00.

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.