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

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Thursday, January 30th,RTT News reports. Shareholders of record on Friday, February 28th will be given 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 2.74%. The ex-dividend date is Friday, February 28th.

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 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 opened at $197.15 on Friday. The company’s 50-day simple moving average is $194.40 and its two-hundred day simple moving average is $232.47. Huntington Ingalls Industries has a 52-week low of $184.29 and a 52-week high of $299.50. The stock has a market capitalization of $7.71 billion, a P/E ratio of 11.13, a P/E/G ratio of 1.73 and a beta of 0.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly 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 net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the company earned $3.70 earnings per share. Huntington Ingalls Industries’s quarterly revenue was down 2.4% compared to the same quarter last year. As a group, analysts predict that Huntington Ingalls Industries will post 14.09 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Barclays decreased their price target on shares of Huntington Ingalls Industries from $290.00 to $220.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Alembic Global Advisors downgraded Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and set a $210.00 target price on the stock. in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a report on Friday, November 1st. Bank of America reduced their price objective on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 13th. Finally, StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average target price of $228.89.

Insider Buying and Selling at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the transaction, the vice president now directly owns 19,627 shares of the company’s stock, valued at $4,028,245.48. This trade represents a 2.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.72% of the company’s stock.

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.