Media stories about Huntington Ingalls Industries (NYSE:HII) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of 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 0.13 on Accern’s scale. Accern also assigned news headlines about the aerospace company an impact score of 46.3292291639269 out of 100, meaning that recent press 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 headlines that may have impacted Accern Sentiment’s scoring:
- IBD Rating Upgrades: Huntington Ingalls Industries Flashes Improved Relative Price Strength (finance.yahoo.com)
- HII Crosses Above Average Analyst Target (nasdaq.com)
- Crews scramble to find CA mudslide survivors, Northrop Grumman blamed for lost spy satellite, NASA to cleanup space junk (finance.yahoo.com)
- Huntington Ingalls Industries, Inc., (NYSE: HII) – Technical Indicators & Active Traders – Stock Watch (stocksnewstimes.com)
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 price target for the company in a research note on Friday, November 10th. Citigroup reissued a “neutral” rating and issued a $233.00 price target (up previously from $224.00) on shares of Huntington Ingalls Industries in a research note on Monday, October 9th. ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Cowen reissued a “hold” rating and issued a $225.00 price target on shares of Huntington Ingalls Industries in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $241.00 price target (up previously from $211.00) on shares of Huntington Ingalls Industries in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $220.29.
Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.78 by $0.49. The firm had revenue of $1.86 billion during the quarter, compared to analysts’ expectations of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter last year, the company posted $2.27 EPS. equities analysts predict that Huntington Ingalls Industries will post 12.09 earnings per share for the current year.
Huntington Ingalls Industries declared that its board has authorized a share buyback program on Tuesday, November 7th that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In other Huntington Ingalls Industries news, Director Philip M. Bilden bought 2,200 shares of Huntington Ingalls Industries stock in a transaction on Friday, November 24th. The shares were bought at an average cost of $234.11 per share, for a total transaction of $515,042.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP D R. Wyatt sold 800 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $240.33, for a total transaction of $192,264.00. Following the sale, the vice president now owns 19,065 shares in the company, valued at $4,581,891.45. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.
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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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