Huntington Ingalls Industries, Inc. (NYSE:HII) Declares $0.60 Quarterly Dividend
Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, July 26th, Wall Street Journal reports. Investors of record on Friday, August 25th will be given a dividend of 0.60 per share by the aerospace company on Friday, September 8th. This represents a $2.40 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, August 23rd.
Huntington Ingalls Industries has raised its dividend by an average of 61.3% per year over the last three years and has increased its dividend every year for the last 4 years. Huntington Ingalls Industries has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $11.67 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 20.6%.
Shares of Huntington Ingalls Industries (HII) traded down 0.18% during midday trading on Wednesday, hitting $203.26. The company’s stock had a trading volume of 98,823 shares. The company has a 50-day moving average price of $192.55 and a 200 day moving average price of $199.23. Huntington Ingalls Industries has a 1-year low of $146.52 and a 1-year high of $220.68. The company has a market cap of $9.35 billion, a P/E ratio of 17.17 and a beta of 1.16.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Thursday, May 4th. The aerospace company reported $2.56 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.72 by $0.16. Huntington Ingalls Industries had a return on equity of 29.05% and a net margin of 7.91%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period last year, the business posted $2.38 earnings per share. The business’s revenue was down 2.2% on a year-over-year basis. On average, equities research analysts predict that Huntington Ingalls Industries will post $11.14 EPS for the current year.
In related news, VP D R. Wyatt sold 850 shares of the business’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $197.60, for a total value of $167,960.00. Following the completion of the sale, the vice president now directly owns 20,740 shares of the company’s stock, valued at approximately $4,098,224. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D. Kastner sold 12,665 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $189.42, for a total value of $2,399,004.30. Following the completion of the sale, the vice president now directly owns 39,581 shares of the company’s stock, valued at $7,497,433.02. The disclosure for this sale can be found here. Insiders sold a total of 17,429 shares of company stock valued at $3,329,592 over the last ninety days. 2.22% of the stock is currently owned by corporate insiders.
HII has been the subject of several research analyst reports. Credit Suisse Group reissued a “hold” rating and issued a $225.00 price objective on shares of Huntington Ingalls Industries in a research report on Friday, March 31st. Cowen and Company reissued a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a research report on Thursday, May 4th. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research report on Monday, May 8th. Finally, BidaskClub raised Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $199.00.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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