Favorable Media Coverage Somewhat Unlikely to Impact Huntington Ingalls Industries (HII) Share Price
Media headlines about Huntington Ingalls Industries (NYSE:HII) have trended positive on Saturday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Huntington Ingalls Industries earned a media sentiment score of 0.25 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 45.7357915786598 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-VIDEO RELEASE–Huntington Ingalls Industries awarded $2.8 billion contract to execute USS George Washington refueling and complex overhaul (reuters.com)
- Huntington Ingalls wins $2.8 bln U.S. defense contract -Pentagon (finance.yahoo.com)
- VIDEO RELEASE–Huntington Ingalls Industries Awarded $2.8 Billion Contract To Execute USS George Washington Refueling and Complex Overhaul (finance.yahoo.com)
- Reviewing Elbit Systems (ESLT) & Huntington Ingalls Industries (HII) (americanbankingnews.com)
- Northrop Grumman’s Unit Wins $117M Contract From US Army – Nasdaq (nasdaq.com)
Shares of Huntington Ingalls Industries (HII) opened at 215.03 on Friday. The company’s 50-day moving average is $207.57 and its 200-day moving average is $202.26. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 17.57 and a beta of 1.18. Huntington Ingalls Industries has a 12-month low of $146.52 and a 12-month high of $220.68.
Huntington Ingalls Industries (NYSE:HII) last released its earnings results on Thursday, August 3rd. The aerospace company reported $3.21 earnings per share for the quarter, topping the consensus estimate of $2.62 by $0.59. Huntington Ingalls Industries had a return on equity of 31.12% and a net margin of 7.93%. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the company earned $2.32 earnings per share. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts predict that Huntington Ingalls Industries will post $11.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $2.40 annualized dividend and a dividend yield of 1.12%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 19.61%.
A number of equities research analysts have recently weighed in on HII shares. BidaskClub upgraded shares of Huntington Ingalls Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, June 15th. Deutsche Bank AG restated a “buy” rating and issued a $240.00 price objective (up from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Credit Suisse Group lowered their price objective on shares of Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Friday, May 5th. Cowen and Company restated a “hold” rating and issued a $210.00 price objective on shares of Huntington Ingalls Industries in a report on Tuesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $222.00 price objective for the company in a report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $205.00.
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In related news, VP William R. Ermatinger sold 2,985 shares of Huntington Ingalls Industries stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $215.10, for a total value of $642,073.50. Following the completion of the sale, the vice president now directly owns 32,810 shares in the company, valued at $7,057,431. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $214.83, for a total value of $171,864.00. Following the completion of the sale, the vice president now owns 19,865 shares of the company’s stock, valued at $4,267,597.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,699 shares of company stock valued at $1,576,565. Corporate insiders own 2.22% of the company’s stock.
About Huntington Ingalls Industries
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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