Huntington Ingalls Industries, Inc. (HII) To Go Ex-Dividend on November 29th

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, October 30th,Zacks Dividends reports. Investors of record on Friday, November 29th will be given a dividend of 1.35 per share by the aerospace company on Friday, December 13th. This represents a $5.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Friday, November 29th. This is a boost from Huntington Ingalls Industries’s previous quarterly dividend of $1.30.

Huntington Ingalls Industries has increased its dividend payment by an average of 5.9% 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 35.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Huntington Ingalls Industries to earn $16.10 per share next year, which means the company should continue to be able to cover its $5.40 annual dividend with an expected future payout ratio of 33.5%.

Huntington Ingalls Industries Trading Down 0.5 %

NYSE HII opened at $197.98 on Wednesday. Huntington Ingalls Industries has a 52 week low of $184.29 and a 52 week high of $299.50. The firm has a 50 day moving average of $237.02 and a two-hundred day moving average of $251.22. The stock has a market capitalization of $7.75 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.85 and a beta of 0.55. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.41.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings results on Thursday, October 31st. The aerospace company reported $2.56 earnings per share for the quarter, missing analysts’ consensus estimates of $3.84 by ($1.28). The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.87 billion. Huntington Ingalls Industries had a net margin of 5.99% and a return on equity of 16.89%. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.70 earnings per share. As a group, research analysts expect that Huntington Ingalls Industries will post 14.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HII shares. Bank of America lowered their price target on Huntington Ingalls Industries from $250.00 to $195.00 and set an “underperform” rating for the company in a report on Wednesday, November 13th. JPMorgan Chase & Co. downgraded shares of Huntington Ingalls Industries from an “overweight” rating to a “neutral” rating and increased their target price for the company from $280.00 to $285.00 in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Huntington Ingalls Industries from $273.00 to $191.00 and set a “hold” rating for the company in a research report on Friday, November 1st. TD Cowen lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating and set a $180.00 price objective on the stock. in a report on Friday, November 1st. Finally, Wolfe Research downgraded Huntington Ingalls Industries from an “outperform” rating to a “peer perform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Huntington Ingalls Industries currently has an average rating of “Hold” and an average target price of $228.89.

Insiders Place Their Bets

In other Huntington Ingalls Industries news, VP D R. Wyatt sold 400 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $205.24, for a total transaction of $82,096.00. Following the completion of the transaction, the vice president now owns 19,627 shares in the company, valued at approximately $4,028,245.48. This represents a 2.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.72% of the stock is owned by insiders.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries, Inc designs, builds, overhauls, and repairs military ships in the United States. It operates through three segments: Ingalls, Newport News, and Mission Technologies. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships; expeditionary warfare ships; surface combatants; and national security cutters for the U.S.