Huntington Ingalls Industries, Inc. (HII) to Issue Quarterly Dividend of $1.38 on September 11th

Huntington Ingalls Industries, Inc. (NYSE:HII) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 28th will be paid a dividend of 1.38 per share by the aerospace company on Friday, September 11th. This represents a c) dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, August 28th.

Huntington Ingalls Industries has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Huntington Ingalls Industries has a dividend payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Huntington Ingalls Industries to earn $20.06 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 27.5%.

Huntington Ingalls Industries Stock Up 14.0%

HII stock opened at $319.70 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The stock has a market capitalization of $12.60 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.20 and a beta of 0.25. Huntington Ingalls Industries has a fifty-two week low of $259.00 and a fifty-two week high of $460.00. The business has a 50-day moving average of $290.79 and a 200-day moving average of $359.35.

Huntington Ingalls Industries (NYSE:HII) last announced its earnings results on Thursday, July 30th. The aerospace company reported $5.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.79 by $1.48. The business had revenue of $3.42 billion for the quarter, compared to analyst estimates of $3.15 billion. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.Huntington Ingalls Industries’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter last year, the firm earned $3.86 EPS. On average, sell-side analysts anticipate that Huntington Ingalls Industries will post 17.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, VP Edmond E. Jr. Hughes sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $319.58, for a total value of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On Huntington Ingalls Industries

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Huntington Ingalls Industries by 38,526.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,986,567 shares of the aerospace company’s stock worth $675,572,000 after buying an additional 1,981,424 shares during the last quarter. AQR Capital Management LLC grew its stake in Huntington Ingalls Industries by 85.0% in the 4th quarter. AQR Capital Management LLC now owns 1,085,619 shares of the aerospace company’s stock valued at $369,186,000 after buying an additional 498,690 shares during the last quarter. Van ECK Associates Corp grew its stake in Huntington Ingalls Industries by 32.1% in the 4th quarter. Van ECK Associates Corp now owns 1,646,733 shares of the aerospace company’s stock valued at $560,004,000 after buying an additional 400,428 shares during the last quarter. Marshall Wace LLP raised its holdings in Huntington Ingalls Industries by 588.1% in the 4th quarter. Marshall Wace LLP now owns 351,879 shares of the aerospace company’s stock valued at $119,663,000 after acquiring an additional 300,740 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its holdings in Huntington Ingalls Industries by 390.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 285,339 shares of the aerospace company’s stock valued at $97,036,000 after acquiring an additional 227,126 shares during the period. 90.46% of the stock is owned by institutional investors.

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.