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

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, February 4th. Investors of record on Friday, February 27th will be paid a dividend of 1.38 per share by the aerospace company on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, February 27th.

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. Research analysts expect Huntington Ingalls Industries to earn $16.48 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 33.5%.

Huntington Ingalls Industries Stock Down 3.8%

Huntington Ingalls Industries stock traded down $16.14 during midday trading on Wednesday, hitting $413.50. 991,591 shares of the company were exchanged, compared to its average volume of 632,236. The company has a market cap of $16.23 billion, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.69 and a beta of 0.34. Huntington Ingalls Industries has a fifty-two week low of $158.88 and a fifty-two week high of $436.14. The company’s fifty day moving average price is $364.28 and its 200-day moving average price is $311.56. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.14 and a quick ratio of 1.06.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HII. Wall Street Zen downgraded shares of Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. boosted their price objective on shares of Huntington Ingalls Industries from $287.00 to $342.00 and gave the stock a “neutral” rating in a report on Monday, November 3rd. TD Cowen raised their target price on Huntington Ingalls Industries from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $362.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Thursday, January 22nd. Five equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $343.63.

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.