Howard Hughes (NYSE:HHH) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of Howard Hughes (NYSE:HHHFree Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday,Zacks reports.

A number of other equities analysts have also weighed in on the stock. Weiss Ratings raised shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, August 6th. JPMorgan Chase & Co. lifted their price target on Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.00.

Check Out Our Latest Analysis on Howard Hughes

Howard Hughes Stock Performance

Shares of HHH opened at $62.66 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.31 and a current ratio of 2.31. Howard Hughes has a twelve month low of $60.25 and a twelve month high of $91.07. The firm’s 50 day moving average price is $66.47 and its two-hundred day moving average price is $66.04. The firm has a market cap of $3.74 billion, a P/E ratio of 12.68 and a beta of 1.14.

Howard Hughes (NYSE:HHHGet Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $2.19. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The company had revenue of $1.12 billion during the quarter. During the same period in the prior year, the company earned ($0.22) EPS. The firm’s revenue was up 330.2% on a year-over-year basis. On average, analysts forecast that Howard Hughes will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In other news, Director Mary Tighe sold 13,495 shares of Howard Hughes stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $67.25, for a total value of $907,538.75. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 47.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HHH. Integrated Wealth Concepts LLC acquired a new stake in Howard Hughes in the 2nd quarter valued at $195,000. Squarepoint Ops LLC boosted its stake in shares of Howard Hughes by 520.5% during the 2nd quarter. Squarepoint Ops LLC now owns 83,379 shares of the company’s stock worth $5,961,000 after buying an additional 69,941 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Howard Hughes by 3.6% during the 2nd quarter. Baird Financial Group Inc. now owns 7,771 shares of the company’s stock worth $556,000 after buying an additional 272 shares during the last quarter. Nykredit A S bought a new position in shares of Howard Hughes in the 2nd quarter valued at about $110,000. Finally, Corient Private Wealth LP bought a new position in shares of Howard Hughes in the 2nd quarter valued at about $654,000. Institutional investors and hedge funds own 93.83% of the company’s stock.

Howard Hughes Company Profile

(Get Free Report)

Howard Hughes Holdings Inc is a real estate development and management company that creates and operates large-scale master planned communities, mixed-use properties and strategic real estate developments. Its activities include land development, homebuilder lot sales, commercial and multifamily development, retail operations and the management of community amenities and infrastructure.

The company’s master planned communities include Summerlin in the Las Vegas area, The Woodlands and Bridgeland in the Houston area, The Woodlands Hills in Texas, Teravalis in the Phoenix area and Ward Village in Honolulu.

Further Reading

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