Engility Holdings, Inc. (EGL) Earns “Buy” Rating from FBR & Co
FBR & Co reiterated their buy rating on shares of Engility Holdings, Inc. (NYSE:EGL) in a report released on Saturday morning. They currently have a $40.00 target price on the aerospace company’s stock.
Several other brokerages have also weighed in on EGL. Cowen and Company reissued a hold rating and issued a $36.00 price objective on shares of Engility Holdings in a report on Friday, May 5th. BidaskClub raised Engility Holdings from a hold rating to a buy rating in a report on Wednesday, June 14th. Zacks Investment Research lowered Engility Holdings from a hold rating to a sell rating in a report on Monday, July 17th. Maxim Group reissued a hold rating on shares of Engility Holdings in a report on Thursday, August 3rd. Finally, ValuEngine lowered Engility Holdings from a buy rating to a hold rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Engility Holdings currently has a consensus rating of Hold and a consensus price target of $35.40.
Engility Holdings (EGL) opened at 29.44 on Friday. Engility Holdings has a 12-month low of $25.70 and a 12-month high of $39.16. The firm has a 50 day moving average of $29.76 and a 200 day moving average of $28.94. The firm has a market capitalization of $1.08 billion, a P/E ratio of 241.31 and a beta of 2.10.
Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The company had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. On average, analysts forecast that Engility Holdings will post ($0.29) EPS for the current fiscal year.
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In related news, SVP Thomas O. Miiller sold 8,000 shares of Engility Holdings stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the completion of the sale, the senior vice president now owns 14,637 shares of the company’s stock, valued at approximately $454,625.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.41% of the company’s stock.
Large investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Engility Holdings by 7.4% in the second quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock valued at $94,140,000 after buying an additional 228,635 shares during the period. FMR LLC raised its position in Engility Holdings by 3.0% in the second quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after buying an additional 91,414 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Engility Holdings by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after buying an additional 122,104 shares during the last quarter. Victory Capital Management Inc. raised its position in Engility Holdings by 6.2% in the second quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock worth $31,818,000 after buying an additional 65,803 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Engility Holdings by 3.6% in the second quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after buying an additional 33,799 shares during the last quarter. 91.70% of the stock is owned by institutional investors.
About Engility Holdings
Engility Holdings, Inc (Engility) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide. The Company’s business is focused on providing a range of engineering, technical, analytical, advisory, training, logistics and support services.
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