Crossmark Global Holdings Inc. Invests $1.31 Million in Howard Hughes Holdings Inc. (NYSE:HHH)

Crossmark Global Holdings Inc. purchased a new stake in shares of Howard Hughes Holdings Inc. (NYSE:HHH - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,669 shares of the company's stock, valued at approximately $1,309,000.

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Howard Hughes by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,485,447 shares of the company's stock worth $191,180,000 after purchasing an additional 24,360 shares during the last quarter. Donald Smith & CO. Inc. increased its position in Howard Hughes by 0.6% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,661,280 shares of the company's stock worth $127,786,000 after buying an additional 9,093 shares during the period. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Howard Hughes by 48.2% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 828,317 shares of the company's stock worth $63,715,000 after buying an additional 269,402 shares during the last quarter. Dendur Capital LP lifted its holdings in shares of Howard Hughes by 22.7% during the fourth quarter. Dendur Capital LP now owns 813,200 shares of the company's stock worth $62,551,000 after buying an additional 150,200 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Howard Hughes by 50.3% in the fourth quarter. American Century Companies Inc. now owns 624,769 shares of the company's stock valued at $48,057,000 after acquiring an additional 209,217 shares during the period. 93.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HHH. BMO Capital Markets dropped their target price on shares of Howard Hughes from $85.00 to $80.00 and set an "outperform" rating on the stock in a research report on Wednesday, May 7th. Piper Sandler dropped their price objective on shares of Howard Hughes from $105.00 to $85.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Finally, JPMorgan Chase & Co. cut shares of Howard Hughes from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $82.00 to $76.00 in a research note on Monday, June 23rd.

Howard Hughes Stock Performance

Shares of HHH traded down $0.55 on Friday, reaching $70.57. 450,208 shares of the stock traded hands, compared to its average volume of 378,430. The stock's 50-day moving average price is $69.06 and its 200-day moving average price is $71.74. The company has a debt-to-equity ratio of 1.84, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $3.56 billion, a price-to-earnings ratio of 13.55 and a beta of 1.21. Howard Hughes Holdings Inc. has a 12 month low of $59.83 and a 12 month high of $87.77.

Howard Hughes (NYSE:HHH - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.13 by $0.08. Howard Hughes had a net margin of 14.27% and a return on equity of 10.21%. The firm had revenue of $199.33 million for the quarter, compared to the consensus estimate of $187.43 million. The business's quarterly revenue was up 27.3% compared to the same quarter last year. Equities analysts forecast that Howard Hughes Holdings Inc. will post 3.7 EPS for the current fiscal year.

Howard Hughes Company Profile

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.