Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) COO Andrew Davis bought 1,000 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average price of $64.49 per share, with a total value of $64,490.00. Following the transaction, the chief operating officer owned 32,530 shares of the company’s stock, valued at $2,097,859.70. The trade was a 3.17% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Howard Hughes Trading Up 1.4%
Shares of HHH opened at $64.63 on Friday. The stock’s fifty day simple moving average is $65.26 and its 200-day simple moving average is $65.64. The firm has a market capitalization of $3.86 billion, a PE ratio of 13.08 and a beta of 1.14. Howard Hughes Holdings Inc. has a 12-month low of $60.09 and a 12-month high of $91.07. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.35.
Howard Hughes (NYSE:HHH – Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The firm had revenue of $1.12 billion during the quarter. During the same quarter in the previous year, the business earned ($0.22) earnings per share. Howard Hughes’s revenue for the quarter was up 330.2% compared to the same quarter last year. As a group, research analysts predict that Howard Hughes Holdings Inc. will post 4.75 earnings per share for the current year.
Institutional Trading of Howard Hughes
Analyst Ratings Changes
HHH has been the subject of a number of recent research reports. 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. raised their price objective on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Finally, Zacks Research raised shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $79.00.
Read Our Latest Stock Analysis on HHH
Howard Hughes Company Profile
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.
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