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

Key Points

• Huntington Ingalls Industries declared a quarterly dividend of $1.35 per share, with an annualized dividend of $5.40 and a yield of 2.07%, payable on September 12th to investors of record on August 29th.
• The company has a dividend payout ratio of 32.3%, indicating strong earnings support for its dividend, with expected earnings of $16.48 per share next year.
• Huntington Ingalls Industries' shares have seen a trading price of approximately $260.67, and brokerages have recently raised their price targets, with Goldman Sachs setting a new target of $265.00.

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) announced a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Friday, August 29th will be given a dividend of 1.35 per share by the aerospace company on Friday, September 12th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 29th.

Huntington Ingalls Industries has a payout ratio of 32.3% 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 Price Performance

HII traded down $6.97 during trading on Friday, reaching $271.90. 119,955 shares of the company were exchanged, compared to its average volume of 650,753. Huntington Ingalls Industries has a 12-month low of $158.88 and a 12-month high of $293.14. The company's 50-day moving average is $242.23 and its two-hundred day moving average is $215.51. The company has a quick ratio of 0.99, a current ratio of 1.07 and a debt-to-equity ratio of 0.57. The company has a market cap of $10.67 billion, a price-to-earnings ratio of 19.59, a P/E/G ratio of 1.59 and a beta of 0.31.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.63. Huntington Ingalls Industries had a return on equity of 12.26% and a net margin of 4.76%. The firm had revenue of $3.08 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the business posted $4.38 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Research analysts forecast that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Insider Activity at Huntington Ingalls Industries

In related news, VP Chad N. Boudreaux sold 1,965 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $228.94, for a total transaction of $449,867.10. Following the transaction, the vice president directly owned 21,228 shares of the company's stock, valued at approximately $4,859,938.32. This trade represents a 8.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anastasi D. Kelly sold 1,960 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $232.58, for a total value of $455,856.80. Following the completion of the sale, the director owned 17,485 shares of the company's stock, valued at $4,066,661.30. The trade was a 10.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,225 shares of company stock valued at $1,207,207 over the last 90 days. 0.72% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in HII. Nomura Asset Management Co. Ltd. boosted its stake in shares of Huntington Ingalls Industries by 0.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 11,930 shares of the aerospace company's stock valued at $2,254,000 after purchasing an additional 66 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in Huntington Ingalls Industries by 1.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 18,265 shares of the aerospace company's stock valued at $3,452,000 after buying an additional 300 shares during the period. Orion Portfolio Solutions LLC grew its stake in shares of Huntington Ingalls Industries by 4.9% during the fourth quarter. Orion Portfolio Solutions LLC now owns 5,154 shares of the aerospace company's stock valued at $974,000 after buying an additional 241 shares during the last quarter. Allstate Corp purchased a new position in shares of Huntington Ingalls Industries in the fourth quarter worth about $237,000. Finally, Wellington Management Group LLP lifted its stake in shares of Huntington Ingalls Industries by 6.1% in the 4th quarter. Wellington Management Group LLP now owns 6,420 shares of the aerospace company's stock valued at $1,213,000 after acquiring an additional 370 shares during the last quarter. 90.46% of the stock is owned by hedge funds and other institutional investors.

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.