Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Huntington Ingalls Industries (HII) Share Price
News coverage about Huntington Ingalls Industries (NYSE:HII) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Huntington Ingalls Industries earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the aerospace company an impact score of 45.7840807857004 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Huntington Ingalls Stock Running Higher, Strong Seasonal Play (guerillastocktrading.com)
- PHOTO RELEASE–Huntington Ingalls Industries Employees Receive Awards From The Society of Asian Scientists and Engineers (finance.yahoo.com)
- PHOTO RELEASE–Huntington Ingalls Industries Awarded Contract for USS Boise (SSN 764) Overhaul (feeds.benzinga.com)
- Time for a Check-up: Increased EEOC Interest in Medical Exams (natlawreview.com)
- Work begins on amphibious transport ship Fort Lauderdale (upi.com)
A number of research analysts recently commented on the company. Citigroup Inc. reissued a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Cowen and Company reissued a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a report on Friday, October 6th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Deutsche Bank AG reissued a “buy” rating and issued a $240.00 price target (up previously from $230.00) on shares of Huntington Ingalls Industries in a report on Wednesday, August 9th. Finally, BidaskClub raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $209.00.
Huntington Ingalls Industries (NYSE:HII) opened at 235.23 on Wednesday. The company has a market cap of $10.68 billion, a P/E ratio of 19.22 and a beta of 1.18. The firm’s 50-day moving average price is $220.73 and its 200-day moving average price is $204.35. Huntington Ingalls Industries has a 12-month low of $146.52 and a 12-month high of $236.94.
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 analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.79 billion. During the same period last year, the business earned $2.32 earnings per share. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. Analysts expect that Huntington Ingalls Industries will post $11.57 EPS for the current year.
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 transaction of $642,073.50. Following the sale, the vice president now directly owns 32,810 shares of the company’s stock, valued at $7,057,431. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $214.83, for a total value of $171,864.00. Following the sale, the vice president now directly owns 19,865 shares in the company, valued at $4,267,597.95. The disclosure for this sale can be found here. 2.22% of the stock is owned by company insiders.
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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