Huntington Ingalls Industries, Inc. (NYSE:HII) to Issue $1.38 Quarterly Dividend

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 28th will be given a dividend of 1.38 per share by the aerospace company on Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, August 28th.

Huntington Ingalls Industries has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 13 years. Huntington Ingalls Industries has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $20.06 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 27.5%.

Huntington Ingalls Industries Price Performance

Shares of HII opened at $280.27 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.11 and a current ratio of 1.19. The firm has a market capitalization of $11.04 billion, a PE ratio of 18.23, a P/E/G ratio of 1.28 and a beta of 0.25. The stock has a 50 day simple moving average of $290.74 and a 200 day simple moving average of $359.83. Huntington Ingalls Industries has a 52-week low of $256.45 and a 52-week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.79 by $1.48. The company had revenue of $3.42 billion during the quarter, compared to the consensus estimate of $3.15 billion. Huntington Ingalls Industries had a net margin of 4.71% and a return on equity of 12.05%. Sell-side analysts predict that Huntington Ingalls Industries will post 17.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HII shares. Wall Street Zen downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Citigroup reduced their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 price objective for the company. Finally, TD Cowen dropped their target price on Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a report on Monday, July 13th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Huntington Ingalls Industries presently has a consensus rating of “Hold” and a consensus target price of $374.00.

About Huntington Ingalls Industries

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.