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

Key Points

• Zacks Research upgraded Howard Hughes from “strong sell” to “hold,” aligning with the broader analyst consensus. The stock has an average rating of “Hold” and an average price target of $79.
• Howard Hughes reported quarterly EPS of $2.68, exceeding the $0.49 consensus estimate, while revenue reached $1.12 billion—up 330.2% year over year.
• The shares opened at $62.66, near their 52-week low of $60.25, while institutional investors own 93.83% of the company and insiders hold 47.70%.

Howard Hughes (NYSE:HHH - Get Free Report) was upgraded by investment analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other brokerages have also recently commented on HHH. JPMorgan Chase & Co. raised their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the stock a "neutral" rating in a report on Thursday, July 16th. Weiss Ratings upgraded Howard Hughes from a "sell (d)" rating to a "hold (c-)" rating in a research note on Thursday, August 6th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Howard Hughes has an average rating of "Hold" and an average price target of $79.00.

Howard Hughes Trading Up 2.8%

Shares of Howard Hughes stock opened at $62.66 on Monday. The firm has a 50-day moving average of $66.47 and a 200-day moving average of $66.04. The stock has a market cap of $3.74 billion, a PE ratio of 12.68 and a beta of 1.14. Howard Hughes has a 52-week low of $60.25 and a 52-week high of $91.07. 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 (NYSE:HHH - Get Free Report) last released its quarterly earnings results 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 net margin of 12.31% and a return on equity of 7.51%. The business had revenue of $1.12 billion for the quarter. During the same period in the prior year, the business posted ($0.22) earnings per share. Howard Hughes's revenue was up 330.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Howard Hughes will post 2.77 EPS for the current year.

Insider Transactions at Howard Hughes

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

Institutional Trading of Howard Hughes

A number of institutional investors and hedge funds have recently made changes to their positions in HHH. Dimensional Fund Advisors LP raised its position in Howard Hughes by 8.0% during 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 position in shares of Howard Hughes in the 2nd quarter valued at $115,766,000. Donald Smith & CO. Inc. acquired a new position in shares of Howard Hughes during the 2nd quarter worth $71,691,000. Crcm LP raised its holdings in shares of Howard Hughes by 9.3% during the 4th quarter. Crcm LP now owns 612,839 shares of the company's stock worth $48,886,000 after buying an additional 52,126 shares in the last quarter. Finally, Flat Footed LLC bought a new stake in shares of Howard Hughes during the 2nd quarter worth $44,353,683. Institutional investors own 93.83% of the company's stock.

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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