Huntington Ingalls Industries, Inc. (HII) to Issue Quarterly Dividend of $1.38 on December 12th

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Tuesday, October 21st. Shareholders of record on Friday, November 28th will be given a dividend of 1.38 per share by the aerospace company on Friday, December 12th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, November 28th. This is a 2.2% increase from Huntington Ingalls Industries’s previous quarterly dividend of $1.35.

Huntington Ingalls Industries has a payout ratio of 32.3% indicating that its dividend is sufficiently covered by earnings. 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 $5.40 annual dividend with an expected future payout ratio of 32.8%.

Huntington Ingalls Industries Price Performance

Shares of HII stock opened at $283.58 on Thursday. The firm has a market cap of $11.13 billion, a price-to-earnings ratio of 21.23, a P/E/G ratio of 1.65 and a beta of 0.38. Huntington Ingalls Industries has a one year low of $158.88 and a one year high of $296.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.08 and a quick ratio of 1.00. The stock’s fifty day simple moving average is $276.56 and its 200 day simple moving average is $250.11.

Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings results on Thursday, July 31st. The aerospace company reported $3.86 EPS for the quarter, beating analysts’ consensus estimates of $3.23 by $0.63. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $2.94 billion. Huntington Ingalls Industries had a net margin of 4.54% and a return on equity of 11.34%. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.38 earnings per share. Huntington Ingalls Industries has set its FY 2025 guidance at EPS. On average, analysts expect that Huntington Ingalls Industries will post 13.99 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HII shares. Wall Street Zen lowered Huntington Ingalls Industries from a “strong-buy” rating to a “buy” rating in a research note on Sunday, September 7th. Zacks Research lowered shares of Huntington Ingalls Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of Huntington Ingalls Industries in a report on Wednesday, October 8th. Bank of America boosted their target price on Huntington Ingalls Industries from $180.00 to $260.00 and gave the stock an “underperform” rating in a report on Wednesday, August 13th. Finally, TD Cowen upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and upped their price objective for the company from $250.00 to $300.00 in a report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Huntington Ingalls Industries currently has an average rating of “Hold” and a consensus price target of $262.67.

About Huntington Ingalls Industries

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.