Huntington Ingalls Industries, Inc. (HII) to Issue Quarterly Dividend of $1.35 on March 14th

Huntington Ingalls Industries, Inc. (NYSE:HII) declared 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 3.08%. The ex-dividend date is Friday, February 28th.

Huntington Ingalls Industries has increased its dividend payment by an average of 4.5% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 32.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $16.48 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 32.8%.

Huntington Ingalls Industries Price Performance

NYSE:HII opened at $175.54 on Wednesday. The business’s 50-day simple moving average is $187.14 and its two-hundred day simple moving average is $220.78. The company has a quick ratio of 1.01, a current ratio of 1.08 and a debt-to-equity ratio of 0.58. Huntington Ingalls Industries has a 52 week low of $158.88 and a 52 week high of $299.50. The stock has a market cap of $6.87 billion, a PE ratio of 12.57, a P/E/G ratio of 1.15 and a beta of 0.57.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 6th. The aerospace company reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.28 by ($0.13). Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. As a group, analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HII has been the subject of a number of analyst reports. Bank of America lowered their price target on shares of Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. The Goldman Sachs Group cut their price target on shares of Huntington Ingalls Industries from $188.00 to $145.00 and set a “sell” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. StockNews.com lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Friday, November 1st. Finally, Barclays lowered their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $221.22.

Insider Activity at Huntington Ingalls Industries

In other Huntington Ingalls Industries news, Director Thomas C. Schievelbein bought 2,120 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were purchased at an average price of $164.82 per share, for a total transaction of $349,418.40. Following the transaction, the director now directly owns 7,967 shares of the company’s stock, valued at approximately $1,313,120.94. This represents a 36.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.72% of the company’s stock.

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.