Howard Hughes Holdings Inc. (NYSE:HHH) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts: Hold. Five analysts give Howard Hughes a consensus rating of "Hold" (three Hold, two Buy) with an average 12‑month target price of $83.33.
• Insider purchase. General Counsel Joseph Valane bought 1,260 shares at $64.45 on March 13, raising his stake to 29,209 shares, and the article reports insiders own 48.00% of the stock.
• Quarterly results mixed. Howard Hughes reported Q4 EPS of $1.57 vs. a $0.31 consensus (beat by $1.26) while revenue fell 36.5% year‑over‑year; the stock opened at $64.17, with a market cap of $3.83B and a 52‑week range of $61.01–$91.07.

Shares of Howard Hughes Holdings Inc. (NYSE:HHH - Get Free Report) have been given an average rating of "Hold" by the five research firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $83.3333.

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Howard Hughes in a report on Monday, December 29th.

Insider Activity

In related news, General Counsel Joseph Valane acquired 1,260 shares of the business's stock in a transaction dated Friday, March 13th. The shares were bought at an average price of $64.45 per share, with a total value of $81,207.00. Following the transaction, the general counsel directly owned 29,209 shares of the company's stock, valued at $1,882,520.05. This trade represents a 4.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 48.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Howard Hughes in the fourth quarter valued at approximately $31,957,000. Russell Investments Group Ltd. increased its holdings in shares of Howard Hughes by 98.3% during the third quarter. Russell Investments Group Ltd. now owns 556,860 shares of the company's stock valued at $45,757,000 after acquiring an additional 276,083 shares in the last quarter. Northern Right Capital Management L.P. acquired a new position in shares of Howard Hughes during the second quarter worth approximately $17,641,000. Crcm LP raised 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 purchasing an additional 253,490 shares during the period. Finally, JCP Investment Management LLC lifted its holdings in shares of Howard Hughes by 1,711.0% in the 4th quarter. JCP Investment Management LLC now owns 181,100 shares of the company's stock worth $14,446,000 after purchasing an additional 171,100 shares in the last quarter. 93.83% of the stock is owned by institutional investors and hedge funds.

Howard Hughes Price Performance

Howard Hughes stock opened at $64.17 on Friday. The stock has a market capitalization of $3.83 billion, a price-to-earnings ratio of 30.41 and a beta of 1.25. Howard Hughes has a 52-week low of $61.01 and a 52-week high of $91.07. The stock's 50 day moving average price is $74.74 and its two-hundred day moving average price is $79.70. The company has a debt-to-equity ratio of 1.73, a quick ratio of 1.19 and a current ratio of 1.19.

Howard Hughes (NYSE:HHH - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $0.31 by $1.26. Howard Hughes had a net margin of 8.40% and a return on equity of 5.54%. The company had revenue of $624.45 million during the quarter. During the same quarter in the prior year, the firm earned $3.25 EPS. The business's revenue was down 36.5% compared to the same quarter last year. On average, equities analysts predict that Howard Hughes will post 3.7 earnings per share for the current year.

About Howard Hughes

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. Its MPCs segment develops, sells, and leases residential and commercial land designated for long-term community development projects in and around Las Vegas, Nevada; Houston, Texas; and Phoenix, Arizona.

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