Huntington Ingalls Industries Inc to Issue Quarterly Dividend of $0.86 (HII)

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.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, May 2nd. The aerospace company reported $2.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.27 by ($0.42). The firm had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.95 billion. Huntington Ingalls Industries had a return on equity of 48.34% and a net margin of 9.52%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $3.48 EPS. On average, analysts expect that Huntington Ingalls Industries will post 14.65 EPS for the current fiscal year.

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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Dividend History for Huntington Ingalls Industries (NYSE:HII)

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