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

Huntington Ingalls Industries, Inc. (NYSE:HII) declared a quarterly dividend on Wednesday, February 4th. Shareholders of record on Friday, February 27th will be given a dividend of 1.38 per share by the aerospace company on Friday, March 13th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date 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 raised its dividend every year for the last 13 years. Huntington Ingalls Industries has a payout ratio of 33.1% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NYSE HII traded down $16.14 during trading on Wednesday, reaching $413.50. The company had a trading volume of 991,591 shares, compared to its average volume of 632,236. The company has a current ratio of 1.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. Huntington Ingalls Industries has a twelve month low of $158.88 and a twelve month high of $436.14. The stock has a 50-day moving average price of $364.28 and a two-hundred day moving average price of $311.56. The stock has a market capitalization 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.

Insider Buying and Selling at Huntington Ingalls Industries

In related news, CEO Christopher D. Kastner sold 15,000 shares of Huntington Ingalls Industries stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $321.06, for a total value of $4,815,900.00. Following the transaction, the chief executive officer owned 68,139 shares in the company, valued at approximately $21,876,707.34. This trade represents a 18.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Chad N. Boudreaux sold 787 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $314.17, for a total value of $247,251.79. Following the sale, the vice president owned 20,441 shares of the company’s stock, valued at $6,421,948.97. This represents a 3.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,637 shares of company stock worth $5,331,276 in the last quarter. 0.86% of the stock is owned by insiders.

Institutional Trading of Huntington Ingalls Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. TriaGen Wealth Management LLC lifted its position in Huntington Ingalls Industries by 1.6% during the fourth quarter. TriaGen Wealth Management LLC now owns 1,971 shares of the aerospace company’s stock valued at $670,000 after buying an additional 31 shares in the last quarter. CI Investments Inc. raised its stake in shares of Huntington Ingalls Industries by 16.7% in the 3rd quarter. CI Investments Inc. now owns 231 shares of the aerospace company’s stock valued at $67,000 after acquiring an additional 33 shares during the period. Oakworth Capital Inc. lifted its holdings in shares of Huntington Ingalls Industries by 1.7% during the 4th quarter. Oakworth Capital Inc. now owns 2,205 shares of the aerospace company’s stock valued at $750,000 after acquiring an additional 36 shares in the last quarter. Evergreen Capital Management LLC boosted its position in Huntington Ingalls Industries by 3.9% during the 3rd quarter. Evergreen Capital Management LLC now owns 1,011 shares of the aerospace company’s stock worth $291,000 after purchasing an additional 38 shares during the period. Finally, 1834 Investment Advisors Co. boosted its position in Huntington Ingalls Industries by 1.6% during the 3rd quarter. 1834 Investment Advisors Co. now owns 2,535 shares of the aerospace company’s stock worth $730,000 after purchasing an additional 39 shares during the period. Institutional investors and hedge funds own 90.46% of the company’s stock.

About Huntington Ingalls Industries

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.