Huntington Ingalls Industries Inc (NYSE:HII) Declares Quarterly Dividend of $1.03

Huntington Ingalls Industries Inc (NYSE:HII) announced a quarterly dividend on Tuesday, November 5th, Zacks reports. Shareholders of record on Friday, November 29th will be paid a dividend of 1.03 per share by the aerospace company on Friday, December 13th. This represents a $4.12 annualized dividend and a yield of 1.65%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Huntington Ingalls Industries’s previous quarterly dividend of $0.86.

Shares of NYSE HII opened at $249.16 on Tuesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.97 and a current ratio of 1.04. The company has a market cap of $10.22 billion, a PE ratio of 13.05 and a beta of 1.19. The business has a 50-day simple moving average of $230.14 and a two-hundred day simple moving average of $219.14. Huntington Ingalls Industries has a fifty-two week low of $173.80 and a fifty-two week high of $260.81.

Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, November 7th. The aerospace company reported $3.74 earnings per share for the quarter, topping the consensus estimate of $3.63 by $0.11. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.20 billion. Huntington Ingalls Industries had a return on equity of 38.18% and a net margin of 7.05%. The company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter last year, the company earned $5.29 earnings per share. On average, sell-side analysts predict that Huntington Ingalls Industries will post 13.93 earnings per share for the current fiscal year.

A number of research firms recently commented on HII. Alembic Global Advisors raised Huntington Ingalls Industries from a “neutral” rating to an “overweight” rating in a report on Monday, August 5th. ValuEngine downgraded Huntington Ingalls Industries from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Bank of America decreased their target price on Huntington Ingalls Industries from $305.00 to $275.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Buckingham Research decreased their target price on Huntington Ingalls Industries from $295.00 to $265.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Finally, UBS Group lifted their target price on Huntington Ingalls Industries from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $250.63.

In other Huntington Ingalls Industries news, CAO Nicolas G. Schuck sold 400 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $250.00, for a total value of $100,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,240 shares of the company’s stock, valued at $560,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Jerri F. Dickseski sold 1,874 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $205.00, for a total value of $384,170.00. Following the completion of the transaction, the vice president now directly owns 33,888 shares of the company’s stock, valued at $6,947,040. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

About Huntington Ingalls Industries

Huntington Ingalls Industries, Inc engages in the designing, building, overhauling, and repairing military ships in the United States. It operates through three segments: Ingalls Shipbuilding, Newport News Shipbuilding, and Technical Solutions. The company is involved in the design and construction of non-nuclear ships comprising amphibious assault ships that include deck amphibious ships and transport dock ships; surface combatants; and national security cutters for the U.S.

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Dividend History for Huntington Ingalls Industries (NYSE:HII)

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