Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Huntington Ingalls Industries (HII) Stock Price
Headlines about Huntington Ingalls Industries (NYSE:HII) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by monitoring 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 0.13 on Accern’s scale. Accern also assigned news articles about the aerospace company an impact score of 46.2842486351075 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news articles that may have effected Accern’s scoring:
- How To YieldBoost Huntington Ingalls Industries To 8.6% Using Options (nasdaq.com)
- Active Mover – Huntington Ingalls Industries, Inc. (NYSE: HII) – Alpha Beta Stock (alphabetastock.com)
- Bell-Boeing JV Wins $23M Deal to Support V-22 Test Aircraft (finance.yahoo.com)
- 3 Aerospace And Defense Stocks To Buy In 2018 (benzinga.com)
- Noteworthy Stock: Huntington Ingalls Industries, Inc. (HII) – The Stocks News (press release) (thestocksnews.com)
A number of equities research analysts recently commented on the company. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price objective for the company in a report on Friday, November 10th. Cowen reiterated a “hold” rating and issued a $225.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Credit Suisse Group reiterated a “neutral” rating and issued a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. Finally, Citigroup reiterated a “neutral” rating and issued a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $222.57.
Huntington Ingalls Industries (NYSE:HII) last released its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.49. The business had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a return on equity of 33.37% and a net margin of 8.31%. The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.27 earnings per share. equities research analysts predict that Huntington Ingalls Industries will post 12.09 EPS for the current year.
Huntington Ingalls Industries declared that its board has initiated a share repurchase plan on Tuesday, November 7th that allows the company to repurchase $1.00 billion in shares. This repurchase authorization allows the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were issued a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Wednesday, November 22nd. This is an increase from Huntington Ingalls Industries’s previous quarterly dividend of $0.60. Huntington Ingalls Industries’s dividend payout ratio is currently 21.69%.
In other Huntington Ingalls Industries news, VP D R. Wyatt sold 800 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the completion of the transaction, the vice president now directly owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Philip M. Bilden bought 2,200 shares of the firm’s stock in a transaction on Friday, November 24th. The stock was acquired at an average cost of $234.11 per share, with a total value of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by insiders.
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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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