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

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) 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 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, February 28th.

Huntington Ingalls Industries has increased its dividend payment by an average of 4.5% per year over the last three years and has increased its dividend annually for the last 11 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. 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 traded up $1.65 during trading on Friday, hitting $197.15. The stock had a trading volume of 388,497 shares, compared to its average volume of 449,230. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.73 and a current ratio of 0.79. The stock has a market cap of $7.71 billion, a price-to-earnings ratio of 11.13, a price-to-earnings-growth ratio of 1.73 and a beta of 0.56. The company's 50 day moving average price is $194.40 and its two-hundred day moving average price is $232.47. Huntington Ingalls Industries has a 1-year low of $184.29 and a 1-year high of $299.50.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $2.87 billion. During the same period last year, the firm posted $3.70 EPS. Huntington Ingalls Industries's revenue was down 2.4% on a year-over-year basis. On average, sell-side analysts forecast that Huntington Ingalls Industries will post 14.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Bank of America decreased their price objective on shares of 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. Deutsche Bank Aktiengesellschaft lowered their price target on Huntington Ingalls Industries from $273.00 to $191.00 and set a "hold" rating for the company in a report on Friday, November 1st. StockNews.com cut shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating in a report on Friday, November 1st. TD Cowen lowered shares of Huntington Ingalls Industries from a "buy" rating to a "hold" rating and set a $180.00 target price for the company. in a research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price target on Huntington Ingalls Industries from $226.00 to $194.00 and set a "sell" rating on the stock 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. According to MarketBeat.com, Huntington Ingalls Industries has an average rating of "Hold" and a consensus price target of $228.89.

Insider Activity

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the business's 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 sale, the vice president now directly owns 19,627 shares of the company's stock, valued at $4,028,245.48. The trade was a 2.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.72% of the stock is currently owned by company insiders.

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.