Huntington Ingalls Industries, Inc. (HII) to Distribute Quarterly Dividend of $1.41 on December 11th

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 27th will be paid a dividend of $1.41 per share by the aerospace company on Friday, December 11th. This represents a $5.64 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, November 27th. This is a 2.2% increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.38.

Huntington Ingalls Industries has raised its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Huntington Ingalls Industries has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $20.83 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 26.5%.

Huntington Ingalls Industries Trading Up 2.0%

HII stock opened at $279.46 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.23 and a debt-to-equity ratio of 0.51. The company has a market cap of $11.01 billion, a price-to-earnings ratio of 16.65, a PEG ratio of 1.02 and a beta of 0.21. The business has a fifty day simple moving average of $280.30 and a 200-day simple moving average of $305.18. Huntington Ingalls Industries has a 52 week low of $255.35 and a 52 week high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, July 30th. The aerospace company reported $5.27 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 analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.89% and a net margin of 5.01%. The firm’s revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $3.86 earnings per share. On average, equities research analysts expect that Huntington Ingalls Industries will post 18.47 EPS for the current year.

Wall Street Analyst Weigh In

HII has been the topic of several research reports. Citigroup raised their price target on shares of Huntington Ingalls Industries from $349.00 to $379.00 and gave the company a “buy” rating in a report on Friday, July 31st. Sanford C. Bernstein decreased their price objective on shares of Huntington Ingalls Industries from $327.00 to $304.00 and set a “market perform” rating for the company in a research note on Wednesday, October 14th. Wolfe Research raised shares of Huntington Ingalls Industries from a “peer perform” rating to an “outperform” rating and set a $364.00 price objective for the company in a research report on Friday, July 31st. TD Cowen cut their target price on shares of Huntington Ingalls Industries from $360.00 to $340.00 and set a “buy” rating on the stock in a research note on Friday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of Huntington Ingalls Industries from $325.00 to $340.00 and gave the company an “equal weight” rating in a research note on Tuesday, August 4th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $361.75.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc (NYSE:HII) is an American defense company that designs, builds, maintains and modernizes ships for the U.S. Navy and other government customers. Its shipbuilding activities include nuclear-powered aircraft carriers, submarines, amphibious assault ships, destroyers and other surface vessels, along with fleet sustainment and modernization services.

HII operates through its Newport News Shipbuilding and Ingalls Shipbuilding divisions. Newport News Shipbuilding is involved in the construction and maintenance of nuclear-powered aircraft carriers and submarines, while Ingalls Shipbuilding builds surface combatants and amphibious ships.