Huntington Ingalls Industries (HII) Earning Somewhat Favorable News Coverage, Study Shows
Media coverage about Huntington Ingalls Industries (NYSE:HII) has been trending somewhat positive recently, Accern Sentiment reports. The research group identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. 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 news sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the aerospace company an impact score of 45.799419482392 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- William R. Ermatinger Sells 1,689 Shares of Huntington Ingalls Industries Inc (HII) Stock (americanbankingnews.com)
- $1.75 Billion in Sales Expected for Huntington Ingalls Industries Inc (HII) This Quarter (americanbankingnews.com)
- Huntington Ingalls Industries Inc (HII) Director Purchases $254,500.00 in Stock (americanbankingnews.com)
- Christopher D. Kastner Sells 2,857 Shares of Huntington Ingalls Industries Inc (HII) Stock (americanbankingnews.com)
- Edgar A. Green III Sells 2,959 Shares of Huntington Ingalls Industries Inc (HII) Stock (americanbankingnews.com)
Several research firms have recently issued reports on HII. Sanford C. Bernstein reiterated a “market perform” rating and issued a $271.00 price objective (up from $242.00) on shares of Huntington Ingalls Industries in a report on Tuesday, February 20th. ValuEngine upgraded shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Stifel Nicolaus reissued a “sell” rating and set a $230.00 target price on shares of Huntington Ingalls Industries in a research note on Friday, February 16th. Bank of America set a $335.00 target price on shares of Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, Credit Suisse Group raised shares of Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 target price for the company in a research note on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $261.38.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.93 by $0.18. The business had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.94 billion. Huntington Ingalls Industries had a net margin of 6.44% and a return on equity of 31.01%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.20 EPS. sell-side analysts predict that Huntington Ingalls Industries will post 17.38 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 23rd were given a $0.72 dividend. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $2.88 annualized dividend and a dividend yield of 1.09%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is presently 27.56%.
In other news, Director Philip M. Bilden purchased 4,000 shares of Huntington Ingalls Industries stock in a transaction that occurred on Thursday, February 22nd. The stock was acquired at an average price of $265.14 per share, for a total transaction of $1,060,560.00. Following the transaction, the director now owns 142 shares in the company, valued at $37,649.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Brian J. Cuccias sold 2,858 shares of the stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $256.61, for a total transaction of $733,391.38. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 6,800 shares of company stock valued at $1,794,184 and sold 12,979 shares valued at $3,381,250. 2.22% of the stock is currently owned by corporate insiders.
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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