Huntington Ingalls Industries, Inc. (NYSE:HII) to Issue Dividend Increase – $1.35 Per Share

Huntington Ingalls Industries, Inc. (NYSE:HIIGet Free Report) announced a quarterly dividend on Wednesday, October 30th, Zacks reports. Stockholders of record on Friday, November 29th will be paid a dividend of 1.35 per share by the aerospace company on Friday, December 13th. This represents a $5.40 annualized dividend and a dividend yield of 2.16%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30.

Huntington Ingalls Industries has raised its dividend by an average of 5.9% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. Huntington Ingalls Industries has a payout ratio of 27.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $18.84 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 27.6%.

Huntington Ingalls Industries Stock Performance

NYSE HII opened at $250.49 on Thursday. The business has a 50 day moving average price of $264.06 and a 200 day moving average price of $260.08. The company has a market capitalization of $9.88 billion, a P/E ratio of 14.12, a PEG ratio of 2.25 and a beta of 0.52. Huntington Ingalls Industries has a 1-year low of $217.29 and a 1-year high of $299.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.82 and a quick ratio of 0.76.

Huntington Ingalls Industries (NYSE:HIIGet Free Report) last announced its quarterly earnings results on Thursday, August 1st. The aerospace company reported $4.38 earnings per share for the quarter, beating analysts’ consensus estimates of $3.61 by $0.77. The business had revenue of $2.98 billion during the quarter, compared to analysts’ expectations of $2.84 billion. Huntington Ingalls Industries had a return on equity of 18.55% and a net margin of 6.35%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $3.27 earnings per share. Sell-side analysts expect that Huntington Ingalls Industries will post 16.49 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Vertical Research downgraded shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $275.00 target price for the company. in a report on Thursday, October 10th. Wolfe Research cut shares of Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. lowered Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and upped their target price for the company from $280.00 to $285.00 in a research note on Monday, September 9th. Finally, StockNews.com cut Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, October 23rd. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $290.00.

View Our Latest Research Report on HII

Huntington Ingalls Industries Company Profile

(Get Free Report)

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.

See Also

Dividend History for Huntington Ingalls Industries (NYSE:HII)

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