Howard Hughes Holdings Inc. (NYSE:HHH) Receives Average Recommendation of “Hold” from Brokerages

by · The Cerbat Gem

Shares of Howard Hughes Holdings Inc. (NYSE:HHH – Get Free Report) have been given an average rating of “Hold” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $83.3333.

HHH has been the subject of several research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Howard Hughes in a research report on Monday. JPMorgan Chase & Co. upped their price objective on Howard Hughes from $76.00 to $85.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. Zacks Research downgraded shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 28th. Finally, Wall Street Zen upgraded shares of Howard Hughes from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th.

Check Out Our Latest Stock Analysis on HHH

Howard Hughes Stock Performance

Shares of Howard Hughes stock opened at $83.58 on Wednesday. The company’s 50 day moving average price is $83.39 and its two-hundred day moving average price is $76.90. The firm has a market capitalization of $4.96 billion, a P/E ratio of 16.29 and a beta of 1.22. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.18 and a quick ratio of 1.18. Howard Hughes has a fifty-two week low of $61.40 and a fifty-two week high of $91.07.

Howard Hughes (NYSE:HHH – Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The company had revenue of $390.24 million for the quarter, compared to the consensus estimate of $331.52 million. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.Howard Hughes’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the business posted $1.95 EPS. On average, equities analysts forecast that Howard Hughes will post 3.7 earnings per share for the current fiscal year.

Insider Buying and Selling at Howard Hughes

In other Howard Hughes news, Director Mary Ann Tighe sold 6,000 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $88.83, for a total value of $532,980.00. Following the sale, the director owned 13,495 shares in the company, valued at approximately $1,198,760.85. The trade was a 30.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Anthony Williams sold 1,100 shares of the stock in a transaction dated Friday, September 26th. The shares were sold at an average price of $79.58, for a total value of $87,538.00. Following the completion of the sale, the director directly owned 8,102 shares of the company’s stock, valued at approximately $644,757.16. The trade was a 11.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 48.00% of the company’s stock.

Institutional Trading of Howard Hughes

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in Howard Hughes by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company’s stock valued at $205,179,000 after purchasing an additional 9,102 shares during the period. American Century Companies Inc. boosted its stake in shares of Howard Hughes by 24.8% in the 1st quarter. American Century Companies Inc. now owns 779,879 shares of the company’s stock valued at $57,773,000 after purchasing an additional 155,110 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Howard Hughes by 0.4% in the 2nd quarter. Geode Capital Management LLC now owns 567,967 shares of the company’s stock valued at $38,343,000 after purchasing an additional 2,427 shares during the last quarter. Crcm LP increased its position in shares of Howard Hughes by 82.5% during the third quarter. Crcm LP now owns 560,713 shares of the company’s stock worth $46,074,000 after buying an additional 253,490 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Howard Hughes by 98.3% during the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company’s stock worth $45,757,000 after buying an additional 276,083 shares during the last quarter. 93.83% of the stock is currently owned by institutional investors.

Howard Hughes Company Profile

(Get Free Report)

Howard Hughes Holdings Inc, together with its subsidiaries, operates as a real estate development company in the United States. It operates in four segments: Operating Assets; Master Planned Communities (MPCs); Seaport; and Strategic Developments. The Operating Assets segment consists of developed or acquired retail, office, and multi-family properties along with other retail investments.

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