Huntington Ingalls Industries, Inc. (NYSE:HII) Plans $1.35 Quarterly Dividend

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) announced a quarterly dividend on Wednesday, April 30th, RTT News reports. Stockholders of record on Friday, May 30th will be paid a dividend of 1.35 per share by the aerospace company on Friday, June 13th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend is Friday, May 30th.

Huntington Ingalls Industries has increased its dividend by an average of 4.5% per year over the last three years and has raised its dividend every year for the last 13 years. Huntington Ingalls Industries has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $16.48 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 32.8%.

Huntington Ingalls Industries Stock Performance

NYSE:HII traded up $2.87 during trading hours on Friday, reaching $230.35. The company had a trading volume of 667,959 shares, compared to its average volume of 521,515. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.08 and a quick ratio of 1.01. Huntington Ingalls Industries has a 1-year low of $158.88 and a 1-year high of $285.81. The business's 50 day moving average price is $203.81 and its 200-day moving average price is $200.09. The firm has a market cap of $9.04 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.34.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last posted its earnings results on Thursday, May 1st. The aerospace company reported $3.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.89. The firm had revenue of $2.73 billion during the quarter, compared to analysts' expectations of $2.80 billion. Huntington Ingalls Industries had a net margin of 4.77% and a return on equity of 12.81%. During the same period in the previous year, the business posted $3.87 EPS. The business's revenue was down 2.5% compared to the same quarter last year. Research analysts forecast that Huntington Ingalls Industries will post 13.99 EPS for the current year.

Insider Activity at Huntington Ingalls Industries

In related news, CAO Nicolas G. Schuck sold 750 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was sold at an average price of $189.56, for a total value of $142,170.00. Following the transaction, the chief accounting officer now directly owns 2,884 shares in the company, valued at approximately $546,691.04. This represents a 20.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas C. Schievelbein purchased 2,120 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was acquired at an average cost of $164.82 per share, for a total transaction of $349,418.40. Following the purchase, the director now owns 7,967 shares in the company, valued at approximately $1,313,120.94. The trade was a 36.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HII. The Goldman Sachs Group increased their target price on Huntington Ingalls Industries from $236.00 to $265.00 and gave the company a "buy" rating in a research report on Friday. Barclays decreased their price objective on shares of Huntington Ingalls Industries from $220.00 to $200.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of "Hold" and an average target price of $234.56.

About Huntington Ingalls Industries

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.