Press coverage about Huntington Ingalls Industries (NYSE:HII) has trended somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Huntington Ingalls Industries earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the aerospace company an impact score of 46.2382480434341 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:
A number of equities research analysts have recently issued reports on the company. Credit Suisse Group restated a “neutral” rating and set a $241.00 price objective (up previously from $211.00) on shares of Huntington Ingalls Industries in a report on Thursday, November 9th. 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. Citigroup restated a “neutral” rating and set a $233.00 price objective (up previously from $224.00) on shares of Huntington Ingalls Industries in a report on Monday, October 9th. ValuEngine upgraded Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Cowen restated a “hold” rating and set a $225.00 price objective on shares of Huntington Ingalls Industries in a report on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. Huntington Ingalls Industries presently has a consensus rating of “Hold” and an average price target of $220.29.
Shares of Huntington Ingalls Industries (NYSE:HII) traded up $2.09 during mid-day trading on Wednesday, hitting $237.24. The company had a trading volume of 427,343 shares, compared to its average volume of 1,364,545. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $10,730.00, a PE ratio of 17.86, a P/E/G ratio of 1.33 and a beta of 1.18. Huntington Ingalls Industries has a fifty-two week low of $183.42 and a fifty-two week high of $253.44.
Huntington Ingalls Industries (NYSE:HII) last issued its quarterly earnings results on Wednesday, November 8th. The aerospace company reported $3.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.78 by $0.49. The business had revenue of $1.86 billion during the quarter, compared to analysts’ expectations 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 for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.27 earnings per share. equities research analysts predict that Huntington Ingalls Industries will post 12.09 earnings per share for the current fiscal year.
Huntington Ingalls Industries announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 7th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
In other Huntington Ingalls Industries news, Director Philip M. Bilden bought 2,200 shares of the business’s stock in a transaction on Friday, November 24th. The stock was purchased at an average cost of $234.11 per share, for a total transaction of $515,042.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP D R. Wyatt sold 800 shares of the company’s stock in a transaction on Monday, November 13th. The stock was sold at an average price of $240.33, for a total value of $192,264.00. Following the sale, the vice president now owns 19,065 shares of the company’s stock, valued at $4,581,891.45. The disclosure for this sale can be found here. Insiders own 2.22% of the company’s stock.
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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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