Huntington Ingalls Industries, Inc. (NYSE:HII) Declares $1.30 Quarterly Dividend

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be given a dividend of 1.30 per share by the aerospace company on Friday, June 14th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Friday, May 31st.

Huntington Ingalls Industries has increased its dividend payment by an average of 5.9% annually over the last three years and has raised its dividend every year for the last 12 years. Huntington Ingalls Industries has a payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Ingalls Industries to earn $19.09 per share next year, which means the company should continue to be able to cover its $5.20 annual dividend with an expected future payout ratio of 27.2%.

Huntington Ingalls Industries Stock Performance

Shares of NYSE:HII traded down $31.87 during midday trading on Thursday, reaching $245.19. 1,471,136 shares of the company traded hands, compared to its average volume of 313,945. The firm’s fifty day moving average price is $284.94 and its two-hundred day moving average price is $261.24. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 2.61 and a beta of 0.60. The company has a quick ratio of 0.89, a current ratio of 0.95 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries has a 12 month low of $188.51 and a 12 month high of $299.50.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share for the quarter, beating analysts’ consensus estimates of $3.49 by $0.38. Huntington Ingalls Industries had a return on equity of 18.12% and a net margin of 5.95%. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the previous year, the firm earned $3.23 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Huntington Ingalls Industries will post 16.34 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on HII shares. Barclays increased their target price on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an “equal weight” rating in a research note on Tuesday, February 6th. JPMorgan Chase & Co. increased their price objective on Huntington Ingalls Industries from $288.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st.

Insider Buying and Selling

In other news, VP Jennifer R. Boykin sold 2,176 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $272.31, for a total transaction of $592,546.56. Following the sale, the vice president now owns 6,877 shares in the company, valued at approximately $1,872,675.87. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Huntington Ingalls Industries news, VP Jennifer R. Boykin sold 2,176 shares of Huntington Ingalls Industries stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $272.31, for a total transaction of $592,546.56. Following the completion of the sale, the vice president now owns 6,877 shares of the company’s stock, valued at $1,872,675.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP D R. Wyatt sold 500 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $288.56, for a total value of $144,280.00. Following the transaction, the vice president now owns 18,600 shares in the company, valued at $5,367,216. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,472 shares of company stock worth $2,398,345. Insiders own 0.72% of the company’s stock.

Huntington Ingalls Industries Company Profile

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.