Key Points
- Howard Hughes COO Andrew Davis purchased 1,000 shares at an average price of $64.49, increasing his direct ownership by 3.17% to 32,530 shares valued at approximately $2.1 million.
- Howard Hughes reported quarterly EPS of $2.68, exceeding the $0.49 consensus estimate, while revenue rose 330.2% year over year to $1.12 billion.
- Shares recently opened at $64.63, and analysts maintain a consensus “Hold” rating with an average price target of $79.00; institutional investors own 93.83% of the stock.
Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) COO Andrew Davis bought 1,000 shares of the company's stock in a transaction on Wednesday, September 23rd. The shares were bought at an average price of $64.49 per share, for a total transaction of $64,490.00. Following the completion of the acquisition, the chief operating officer directly owned 32,530 shares in the company, valued at approximately $2,097,859.70. This trade represents a 3.17% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.
Howard Hughes Stock Up 1.4%
Howard Hughes stock opened at $64.63 on Friday. The stock 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 twelve month low of $60.09 and a twelve 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. The company has a 50 day moving average of $65.26 and a 200-day moving average of $65.64.
Howard Hughes (NYSE:HHH - Get 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. The company had revenue of $1.12 billion during the quarter. Howard Hughes had a net margin of 12.31% and a return on equity of 7.51%. The firm's revenue was up 330.2% on a year-over-year basis. During the same period in the prior year, the company earned ($0.22) EPS. On average, equities research analysts anticipate that Howard Hughes Holdings Inc. will post 4.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of HHH. Dimensional Fund Advisors LP grew its stake in Howard Hughes by 8.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,822,522 shares of the company's stock valued at $178,549,000 after purchasing an additional 208,617 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Howard Hughes during the 2nd quarter worth approximately $115,766,000. Donald Smith & CO. Inc. bought a new stake in shares of Howard Hughes during the 2nd quarter worth approximately $71,691,000. Crcm LP boosted its holdings in shares of Howard Hughes by 9.3% in the 4th quarter. Crcm LP now owns 612,839 shares of the company's stock valued at $48,886,000 after buying an additional 52,126 shares during the last quarter. Finally, Flat Footed LLC acquired a new stake in shares of Howard Hughes in the 2nd quarter valued at approximately $44,353,683. 93.83% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Howard Hughes from $76.00 to $79.00 and gave the stock a "neutral" rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Howard Hughes from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Finally, Weiss Ratings raised shares of Howard Hughes from a "sell (d)" rating to a "hold (c-)" rating in a research report on Thursday, August 6th. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, Howard Hughes presently has an average rating of "Hold" and an average price target of $79.00.
Read Our Latest Report on Howard Hughes
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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