Huntington Ingalls Industries, Inc. Announces 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 yield of 2.76%.

Huntington Ingalls Industries has increased 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% indicating that its dividend is sufficiently covered by earnings. Equities 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

NYSE:HII opened at $195.54 on Friday. The firm has a market cap of $7.65 billion, a P/E ratio of 11.04, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56. The stock has a 50 day moving average of $194.44 and a two-hundred day moving average of $232.87. Huntington Ingalls Industries has a 12 month low of $184.29 and a 12 month high of $299.50. The company has a current ratio of 0.79, a quick ratio of 0.73 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data 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 net margin of 5.99% and a return on equity of 16.89%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the prior year, the company posted $3.70 earnings per share. The firm’s revenue for the quarter was down 2.4% compared to the same quarter last year. On average, analysts expect that Huntington Ingalls Industries will post 14.09 earnings per share for the current fiscal year.

Insider Transactions at Huntington Ingalls Industries

In other news, VP D R. Wyatt sold 400 shares of the 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 sale, the vice president now owns 19,627 shares of the company’s stock, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.72% of the company’s stock.

Analysts Set New Price Targets

HII has been the topic of a number of recent research reports. Alembic Global Advisors lowered 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 research report on Friday, November 1st. TD Cowen cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 target price on the stock. in a report on Friday, November 1st. Bank of America cut their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. Barclays dropped 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 report on Monday, November 4th. Finally, The Goldman Sachs Group reduced their target price on shares of Huntington Ingalls Industries from $226.00 to $194.00 and set a “sell” rating on the stock in a research note 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 issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.