Huntington Ingalls Industries Inc (HII) Increases Dividend to $0.86 Per Share

Huntington Ingalls Industries Inc (NYSE:HII) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Investors of record on Friday, November 30th will be given a dividend of 0.86 per share by the aerospace company on Friday, December 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, November 29th. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.72.

Huntington Ingalls Industries has increased its dividend by an average of 36.1% per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Huntington Ingalls Industries has a payout ratio of 16.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Ingalls Industries to earn $17.17 per share next year, which means the company should continue to be able to cover its $2.88 annual dividend with an expected future payout ratio of 16.8%.

Huntington Ingalls Industries stock opened at $220.06 on Friday. The company has a current ratio of 1.43, a quick ratio of 1.31 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $9.88 billion, a P/E ratio of 18.13, a P/E/G ratio of 0.88 and a beta of 1.13. Huntington Ingalls Industries has a one year low of $201.91 and a one year high of $276.69.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, November 8th. The aerospace company reported $5.29 EPS for the quarter, topping the Zacks’ consensus estimate of $4.14 by $1.15. Huntington Ingalls Industries had a return on equity of 39.78% and a net margin of 7.84%. The company had revenue of $2.08 billion for the quarter, compared to analyst estimates of $1.90 billion. During the same period in the previous year, the firm earned $3.27 earnings per share. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts predict that Huntington Ingalls Industries will post 17.24 earnings per share for the current fiscal year.

In related news, VP Jerri F. Dickseski sold 271 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $257.84, for a total transaction of $69,874.64. Following the completion of the sale, the vice president now owns 34,750 shares in the company, valued at $8,959,940. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.22% of the company’s stock.

Several equities analysts have issued reports on the company. Goldman Sachs Group lowered Huntington Ingalls Industries from a “neutral” rating to a “sell” rating and set a $208.00 price target on the stock. in a research note on Thursday, October 11th. Buckingham Research started coverage on Huntington Ingalls Industries in a report on Wednesday, September 12th. They set a “buy” rating and a $297.00 price objective for the company. Zacks Investment Research upgraded Huntington Ingalls Industries from a “sell” rating to a “hold” rating and set a $262.00 price objective for the company in a report on Friday, August 3rd. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Finally, UBS Group started coverage on Huntington Ingalls Industries in a report on Wednesday, August 15th. They set a “buy” rating and a $290.00 price objective for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $265.33.

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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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