Huntington Ingalls Industries, Inc. Plans Quarterly Dividend of $1.30 (NYSE:HII)

Huntington Ingalls Industries, Inc. (NYSE:HII - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be given a dividend of 1.30 per share by the aerospace company on Friday, June 14th. This represents a $5.20 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Friday, May 31st.

Huntington Ingalls Industries has raised its dividend payment by an average of 5.9% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Ingalls Industries to earn $19.09 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 27.2%.

Huntington Ingalls Industries Trading Down 11.5 %

NYSE:HII traded down $31.87 during trading hours on Thursday, reaching $245.19. The company's stock had a trading volume of 1,471,136 shares, compared to its average volume of 317,586. The firm has a market capitalization of $9.71 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 2.61 and a beta of 0.60. The firm has a 50-day simple moving average of $284.94 and a 200-day simple moving average of $261.24. Huntington Ingalls Industries has a 1 year low of $188.51 and a 1 year high of $299.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.89 and a current ratio of 0.95.

Huntington Ingalls Industries (NYSE:HII - Get Free Report) last issued its earnings results on Thursday, May 2nd. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.49 by $0.38. Huntington Ingalls Industries had a net margin of 5.95% and a return on equity of 18.12%. The business had revenue of $2.80 billion during the quarter, compared to analysts' expectations of $2.81 billion. During the same period in the previous year, the company earned $3.23 earnings per share. The business's revenue for the quarter was up 4.7% compared to the same quarter last year. Research analysts expect that Huntington Ingalls Industries will post 16.34 EPS for the current fiscal year.

Insider Transactions at Huntington Ingalls Industries

In related news, VP D R. Wyatt sold 900 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $263.69, for a total transaction of $237,321.00. Following the completion of the sale, the vice president now directly owns 19,100 shares of the company's stock, valued at $5,036,479. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Huntington Ingalls Industries news, VP D R. Wyatt sold 900 shares of Huntington Ingalls Industries stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $263.69, for a total value of $237,321.00. Following the completion of the sale, the vice president now owns 19,100 shares in the company, valued at approximately $5,036,479. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Nicolas G. Schuck sold 1,293 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $291.28, for a total value of $376,625.04. Following the transaction, the chief accounting officer now directly owns 2,250 shares in the company, valued at $655,380. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,472 shares of company stock worth $2,398,345. Insiders own 0.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays upped their price target on shares of Huntington Ingalls Industries from $280.00 to $290.00 and gave the stock an "equal weight" rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price target on shares of Huntington Ingalls Industries from $288.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, March 21st.

Huntington Ingalls Industries Company Profile

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.