Huntington Ingalls Industries (HII) Receiving Somewhat Favorable Media Coverage, Analysis Finds
Media stories about Huntington Ingalls Industries (NYSE:HII) have been trending somewhat positive on Saturday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Huntington Ingalls Industries earned a news impact score of 0.19 on Accern’s scale. Accern also assigned news stories about the aerospace company an impact score of 45.8980931531262 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Huntington Ingalls Industries Inc (HII) Shares Sold by Schroder Investment Management Group (americanbankingnews.com)
- Huntington Ingalls Industries Inc (HII) Shares Sold by UBS Asset Management Americas Inc. (americanbankingnews.com)
- Better Buy: Huntington Ingalls Industries, Inc. vs. Honeywell (finance.yahoo.com)
- Globeflex Capital L P Sells 269 Shares of Huntington Ingalls Industries Inc (HII) (americanbankingnews.com)
- Allianz Asset Management GmbH Sells 51,731 Shares of Huntington Ingalls Industries Inc (HII) (americanbankingnews.com)
A number of equities analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $271.00 price target (up from $242.00) on shares of Huntington Ingalls Industries in a report on Tuesday, February 20th. ValuEngine raised Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Saturday, February 17th. Stifel Nicolaus reaffirmed a “sell” rating and issued a $230.00 price target on shares of Huntington Ingalls Industries in a report on Friday, February 16th. Bank of America set a $335.00 price objective on Huntington Ingalls Industries and gave the company a “buy” rating in a research note on Friday, February 16th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $261.38.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $3.11 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.94 billion. During the same quarter in the previous year, the business earned $4.20 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. equities analysts predict that Huntington Ingalls Industries will post 17.38 EPS for the current year.
Huntington Ingalls Industries announced that its Board of Directors has authorized a share buyback plan on Tuesday, November 7th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the aerospace company to buy shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, February 22nd. Huntington Ingalls Industries’s dividend payout ratio is currently 24.64%.
In other news, VP Jennifer R. Boykin sold 2,616 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $267.50, for a total transaction of $699,780.00. Following the completion of the sale, the vice president now owns 3,809 shares in the company, valued at $1,018,907.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Philip M. Bilden purchased 1,800 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $266.18 per share, with a total value of $479,124.00. Following the purchase, the director now directly owns 142 shares of the company’s stock, valued at $37,797.56. The disclosure for this purchase can be found here. 2.22% of the stock is currently owned by insiders.
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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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