Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Stockholders of record on Friday, August 25th will be paid a dividend of 0.60 per share by the aerospace company on Friday, September 8th. This represents a $2.40 annualized dividend and a dividend yield of 1.15%. The ex-dividend date is Wednesday, August 23rd.
Huntington Ingalls Industries has increased its dividend by an average of 61.3% annually over the last three years and has raised its dividend every year for the last 4 years. Huntington Ingalls Industries has a payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Ingalls Industries to earn $11.84 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 20.3%.
Huntington Ingalls Industries (HII) opened at 208.44 on Friday. Huntington Ingalls Industries has a 12 month low of $146.52 and a 12 month high of $220.68. The firm has a market capitalization of $9.46 billion, a PE ratio of 17.03 and a beta of 1.18. The stock’s 50 day moving average price is $202.92 and its 200 day moving average price is $201.36.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The firm had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts expect that Huntington Ingalls Industries will post $11.56 earnings per share for the current fiscal year.
In other Huntington Ingalls Industries news, VP Christopher D. Kastner bought 4,183 shares of the company’s stock in a transaction on Wednesday, May 24th. The stock was bought at an average price of $189.40 per share, for a total transaction of $792,260.20. Following the transaction, the vice president now owns 39,464 shares of the company’s stock, valued at approximately $7,474,481.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Jerri F. Dickseski sold 1,552 shares of the company’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $193.09, for a total transaction of $299,675.68. Following the sale, the vice president now owns 34,659 shares of the company’s stock, valued at approximately $6,692,306.31. The disclosure for this sale can be found here. Insiders have sold a total of 7,699 shares of company stock valued at $1,576,565 in the last quarter. Corporate insiders own 2.22% of the company’s stock.
Several research firms have issued reports on HII. Zacks Investment Research downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Monday, May 8th. BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Credit Suisse Group reduced their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating on the stock in a report on Monday, May 15th. Deutsche Bank AG reaffirmed a “buy” rating and set a $240.00 price objective (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Finally, Cowen and Company reaffirmed a “hold” rating and set a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $205.00.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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