Huntington Ingalls Industries Inc (NYSE:HII) declared a quarterly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Friday, May 24th will be given a dividend of 0.86 per share by the aerospace company on Friday, June 7th. This represents a $3.44 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, May 23rd.
Huntington Ingalls Industries has raised its dividend payment by an average of 21.1% per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 20.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $17.02 per share next year, which means the company should continue to be able to cover its $3.44 annual dividend with an expected future payout ratio of 20.2%.
NYSE:HII opened at $211.98 on Wednesday. The firm has a market cap of $8.60 billion, a PE ratio of 11.10 and a beta of 1.15. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.98 and a quick ratio of 0.92. Huntington Ingalls Industries has a 52-week low of $173.80 and a 52-week high of $262.32.
In related news, VP Jerri F. Dickseski sold 542 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $225.00, for a total transaction of $121,950.00. Following the completion of the sale, the vice president now owns 35,907 shares in the company, valued at approximately $8,079,075. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Christopher D. Kastner sold 3,919 shares of Huntington Ingalls Industries stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $206.49, for a total value of $809,234.31. Following the sale, the vice president now owns 46,185 shares of the company’s stock, valued at approximately $9,536,740.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,151 shares of company stock valued at $2,307,926. 2.65% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on the company. Zacks Investment Research raised Huntington Ingalls Industries from a “sell” rating to a “hold” rating in a research note on Monday, May 6th. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Finally, Barclays downgraded Huntington Ingalls Industries from an “overweight” rating to an “underweight” rating and cut their price target for the stock from $245.00 to $215.00 in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $251.69.
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Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.
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