Key Points
- Director Mary Ann Tighe sold 6,000 shares of Howard Hughes (NYSE:HHH) on Nov. 26 at an average price of $88.83 for proceeds of $532,980, cutting her stake by 30.78% to 13,495 shares valued at about $1.20 million; the sale was disclosed in an SEC filing.
- Howard Hughes reported $2.02 EPS for the most recent quarter (beating the $1.56 estimate) with revenue of $390.24 million, up 19.3% year-over-year, while analysts hold an average "Hold" rating with a $83.33 consensus target.
Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) Director Mary Ann Tighe sold 6,000 shares of the firm's stock in a transaction on 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 $1,198,760.85. This trade represents a 30.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Howard Hughes Stock Performance
Howard Hughes stock opened at $89.80 on Tuesday. The stock has a fifty day moving average price of $82.68 and a 200 day moving average price of $75.55. Howard Hughes Holdings Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The firm has a market capitalization of $5.33 billion, a P/E ratio of 19.65 and a beta of 1.26. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.85.
Howard Hughes (NYSE:HHH - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.56 by $0.46. Howard Hughes had a return on equity of 10.51% and a net margin of 12.85%.The firm had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. During the same period last year, the company earned $1.95 EPS. The firm's quarterly revenue was up 19.3% on a year-over-year basis. Equities research analysts anticipate that Howard Hughes Holdings Inc. will post 3.7 earnings per share for the current year.
Wall Street Analyst Weigh In
HHH has been the topic of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Howard Hughes in a research note on Monday, November 24th. Wall Street Zen raised Howard Hughes from a "sell" rating to a "hold" rating in a research report on Saturday, November 15th. JPMorgan Chase & Co. boosted their price target on Howard Hughes from $76.00 to $85.00 and gave the company a "neutral" rating in a research report on Friday, August 29th. Finally, Zacks Research lowered Howard Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Howard Hughes presently has an average rating of "Hold" and a consensus target price of $83.33.
Read Our Latest Stock Report on Howard Hughes
Institutional Trading of Howard Hughes
Several large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Howard Hughes by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 2,497,032 shares of the company's stock worth $205,179,000 after purchasing an additional 9,102 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Howard Hughes by 24.8% in the first quarter. American Century Companies Inc. now owns 779,879 shares of the company's stock valued at $57,773,000 after buying an additional 155,110 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Howard Hughes by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 567,967 shares of the company's stock valued at $38,343,000 after buying an additional 2,427 shares during the period. Crcm LP lifted its position in Howard Hughes by 82.5% during the 3rd quarter. Crcm LP now owns 560,713 shares of the company's stock worth $46,074,000 after acquiring an additional 253,490 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Howard Hughes by 98.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company's stock worth $45,757,000 after acquiring an additional 276,083 shares in the last quarter. 93.83% of the stock is currently owned by institutional investors and hedge funds.
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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