Huntington Ingalls Industries Inc. (NYSE:hii) declared a quarterly dividend on Thursday, November 3rd. Stockholders of record on Friday, November 25th will be paid a dividend of 0.60 per share on Friday, December 9th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date is Tuesday, November 22nd. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.50.

Huntington Ingalls Industries (NYSE:HII) opened at 174.38 on Thursday. The stock has a 50 day moving average price of $158.64 and a 200-day moving average price of $161.48. Huntington Ingalls Industries has a 52 week low of $118.20 and a 52 week high of $179.00. The firm has a market capitalization of $8.09 billion, a P/E ratio of 19.41 and a beta of 1.15.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $2.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.40 by $0.13. Huntington Ingalls Industries had a return on equity of 29.26% and a net margin of 6.04%. The business earned $1.68 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same quarter last year, the business posted $1.98 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis. Analysts anticipate that Huntington Ingalls Industries will post $10.39 EPS for the current fiscal year.

Dividend History for Huntington Ingalls Industries (NYSE:hii)

A number of research firms have weighed in on HII. Wells Fargo & Co. downgraded Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating in a research report on Friday, August 5th. They noted that the move was a valuation call. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $189.00 price target on the stock in a research report on Monday, July 25th. Cowen and Company downgraded Huntington Ingalls Industries from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $185.00 to $165.00 in a research report on Tuesday, September 20th. Finally, Citigroup Inc. raised their price target on Huntington Ingalls Industries from $180.00 to $191.00 and gave the company a “buy” rating in a research report on Tuesday, September 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $159.00.

In other news, VP Jerri F. Dickseski sold 625 shares of the firm’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $153.25, for a total transaction of $95,781.25. Following the transaction, the vice president now directly owns 34,045 shares of the company’s stock, valued at $5,217,396.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Christopher D. Kastner sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $165.90, for a total value of $331,800.00. Following the transaction, the vice president now directly owns 39,581 shares in the company, valued at $6,566,487.90. The disclosure for this sale can be found here. Insiders own 2.76% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. BlackRock Investment Management LLC boosted its stake in Huntington Ingalls Industries by 8.8% in the second quarter. BlackRock Investment Management LLC now owns 205,629 shares of the company’s stock valued at $34,552,000 after buying an additional 16,694 shares during the last quarter. BlackRock Inc. boosted its stake in Huntington Ingalls Industries by 18.4% in the second quarter. BlackRock Inc. now owns 26,308 shares of the company’s stock valued at $4,420,000 after buying an additional 4,083 shares during the last quarter. BlackRock Fund Advisors boosted its stake in Huntington Ingalls Industries by 4.8% in the second quarter. BlackRock Fund Advisors now owns 1,787,724 shares of the company’s stock valued at $300,391,000 after buying an additional 81,764 shares during the last quarter. BlackRock Group LTD boosted its stake in Huntington Ingalls Industries by 2.9% in the second quarter. BlackRock Group LTD now owns 64,925 shares of the company’s stock valued at $10,910,000 after buying an additional 1,855 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its stake in Huntington Ingalls Industries by 0.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,491,868 shares of the company’s stock valued at $250,679,000 after buying an additional 9,623 shares during the last quarter. 89.15% of the stock is currently owned by institutional investors.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (HII) designs, builds, overhauls and repairs ships for the United States Navy and the United States Coast Guard. The Company is the designer, builder and refueler of nuclear powered aircraft carriers, a builder of amphibious assault and expeditionary warfare ships for the United States Navy and the sole builder of National Security Cutters (NSCs) for the United States Coast Guard.

5 Day Chart for NYSE:HII

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