Favorable News Coverage Somewhat Unlikely to Affect Huntington Ingalls Industries (HII) Share Price
Media headlines about Huntington Ingalls Industries (NYSE:HII) have been trending positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Huntington Ingalls Industries earned a coverage optimism score of 0.26 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 45.7044987264124 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Shipbuilding Defense Contractor Will Pay $9.2 Million to Resolve Allegations of Overbilling – Whistleblower News Review (whistleblowergov.org)
- Share Activity Lifted for Huntington Ingalls Industries Inc (HII) in Session – Evergreen Caller (evergreencaller.com)
- Enterprise Products Partners LP (EPD) has a value of $25.81 per share While Huntington Ingalls Industries, Inc. (HII … – Stocks Gallery (stocksgallery.com)
- Huntington Ingalls’ (HII) Unit Wins $2.8B Deal From US Navy (nasdaq.com)
- Huntington Ingalls' (HII) Unit Wins $2.8B Deal From US Navy (finance.yahoo.com)
A number of research firms recently weighed in on HII. BidaskClub downgraded Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded 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. Credit Suisse Group decreased their price objective on Huntington Ingalls Industries from $214.00 to $206.00 and set a “neutral” rating for the company in a report on Monday, May 15th. 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, 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $205.00.
Shares of Huntington Ingalls Industries (HII) traded down 0.79% during mid-day trading on Thursday, reaching $209.93. The company’s stock had a trading volume of 173,711 shares. Huntington Ingalls Industries has a 12 month low of $146.52 and a 12 month high of $220.68. The company’s 50-day moving average is $209.00 and its 200 day moving average is $202.30. The firm has a market cap of $9.53 billion, a price-to-earnings ratio of 17.15 and a beta of 1.18.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $3.21 EPS for the quarter, beating the consensus estimate of $2.62 by $0.59. The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.79 billion. Huntington Ingalls Industries had a net margin of 7.93% and a return on equity of 31.12%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.32 earnings per share. On average, equities analysts anticipate that Huntington Ingalls Industries will post $11.54 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Wednesday, August 23rd. Huntington Ingalls Industries’s dividend payout ratio (DPR) is 19.61%.
In other news, VP Jennifer R. Boykin sold 2,362 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $196.00, for a total transaction of $462,952.00. Following the completion of the transaction, the vice president now directly owns 6,425 shares of the company’s stock, valued at $1,259,300. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Jerri F. Dickseski sold 1,552 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $193.09, for a total transaction of $299,675.68. Following the transaction, the vice president now directly owns 34,659 shares of the company’s stock, valued at $6,692,306.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,699 shares of company stock valued at $1,576,565. Insiders own 2.22% of the company’s stock.
Huntington Ingalls Industries Company Profile
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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