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

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 29th will be paid a dividend of 1.38 per share by the aerospace company on Friday, June 12th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, May 29th.

Huntington Ingalls Industries has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. Huntington Ingalls Industries has a dividend payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Huntington Ingalls Industries to earn $20.27 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 27.2%.

Huntington Ingalls Industries Price Performance

HII stock opened at $366.52 on Thursday. The stock has a market cap of $14.38 billion, a price-to-earnings ratio of 23.87, a P/E/G ratio of 1.45 and a beta of 0.36. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.13 and a quick ratio of 1.06. The company has a 50 day simple moving average of $406.15 and a 200 day simple moving average of $368.56. Huntington Ingalls Industries has a 1 year low of $215.04 and a 1 year high of $460.00.

Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Thursday, February 5th. The aerospace company reported $4.04 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.32. Huntington Ingalls Industries had a net margin of 4.85% and a return on equity of 12.28%. The firm had revenue of $3.48 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same quarter in the previous year, the firm posted $3.15 earnings per share. The company’s revenue was up 15.7% on a year-over-year basis. Research analysts anticipate that Huntington Ingalls Industries will post 17.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on HII shares. The Goldman Sachs Group boosted their price objective on shares of Huntington Ingalls Industries from $384.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Bank of America upgraded Huntington Ingalls Industries from an “underperform” rating to a “neutral” rating and upped their price target for the company from $300.00 to $400.00 in a research report on Thursday, February 12th. Citigroup lowered their price objective on Huntington Ingalls Industries from $465.00 to $441.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. TD Cowen upped their target price on Huntington Ingalls Industries from $440.00 to $460.00 and gave the company a “buy” rating in a report on Friday, March 6th. Finally, Weiss Ratings upgraded shares of Huntington Ingalls Industries from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Moderate Buy” and a consensus price target of $383.22.

Huntington Ingalls Industries Company Profile

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.