Press coverage about Huntington Ingalls Industries (NYSE:HII) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntington Ingalls Industries earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the aerospace company an impact score of 46.1002107176938 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
- PHOTO RELEASE–Huntington Ingalls Industries Promotes Two Vice Presidents – GlobeNewswire (press release) (globenewswire.com)
- Increased Earnings Estimates Seen for Huntington Ingalls (HII): Can It Move Higher? (Revised) (finance.yahoo.com)
- Navy Weighs Buying Two More Costly Carriers in One Big Contract (finance.yahoo.com)
- Reviewing AAR (AIR) & Huntington Ingalls Industries (HII) (americanbankingnews.com)
A number of equities analysts have weighed in on HII shares. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research lowered Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cowen upgraded Huntington Ingalls Industries from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $252.00 to $275.00 in a research note on Thursday, February 1st. Credit Suisse Group upgraded Huntington Ingalls Industries from a “neutral” rating to an “outperform” rating and set a $241.00 price objective for the company in a research note on Friday, February 16th. Finally, Bank of America set a $335.00 price target on Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Huntington Ingalls Industries currently has a consensus rating of “Buy” and a consensus price target of $261.38.
Huntington Ingalls Industries (NYSE:HII) last announced its quarterly earnings results on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.93 by $0.18. Huntington Ingalls Industries had a return on equity of 31.01% and a net margin of 6.44%. The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $1.94 billion. During the same quarter in the previous year, the business earned $4.20 EPS. Huntington Ingalls Industries’s revenue for the quarter was up 3.9% compared to the same quarter last year. research analysts forecast that Huntington Ingalls Industries will post 17.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.72 per share. The ex-dividend date was Thursday, February 22nd. This represents a $2.88 annualized dividend and a yield of 1.13%. Huntington Ingalls Industries’s dividend payout ratio (DPR) is currently 27.56%.
In other news, Director Philip M. Bilden acquired 4,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was bought at an average cost of $265.14 per share, for a total transaction of $1,060,560.00. Following the purchase, 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, Director Philip M. Bilden acquired 1,000 shares of the business’s stock in a transaction on Monday, March 5th. The shares were purchased at an average price of $254.50 per share, with a total value of $254,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 6,800 shares of company stock valued at $1,794,184 and have sold 12,979 shares valued at $3,381,250. 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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