Brokerages Set Howard Hughes Holdings Inc. (NYSE:HHH) Price Target at $83.33

Shares of Howard Hughes Holdings Inc. (NYSE:HHH) have earned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $83.3333.

Several brokerages have recently commented on HHH. Wall Street Zen raised Howard Hughes from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Howard Hughes in a research note on Monday, December 29th. Finally, Zacks Research cut shares of Howard Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 28th.

Insider Activity

In related news, Director Mary Ann Tighe sold 6,000 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $88.83, for a total value of $532,980.00. Following the transaction, the director directly owned 13,495 shares in the company, valued at $1,198,760.85. This represents a 30.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director R Scot Sellers acquired 5,000 shares of Howard Hughes stock in a transaction on Tuesday, December 23rd. The stock was acquired at an average cost of $77.94 per share, for a total transaction of $389,700.00. Following the completion of the purchase, the director owned 67,517 shares of the company’s stock, valued at approximately $5,262,274.98. The trade was a 8.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 48.00% of the company’s stock.

Institutional Investors Weigh In On Howard Hughes

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in Howard Hughes in the fourth quarter worth $511,000. Annex Advisory Services LLC acquired a new position in shares of Howard Hughes in the 3rd quarter valued at $1,224,000. Northside Capital Management LLC bought a new stake in shares of Howard Hughes in the 2nd quarter valued at $5,322,000. Legal & General Group Plc raised its stake in Howard Hughes by 67.9% during the 2nd quarter. Legal & General Group Plc now owns 53,764 shares of the company’s stock worth $3,629,000 after buying an additional 21,750 shares during the period. Finally, Clear Creek Financial Management LLC acquired a new stake in Howard Hughes during the 2nd quarter worth $551,000. Institutional investors own 93.83% of the company’s stock.

Howard Hughes Price Performance

Shares of NYSE:HHH opened at $81.46 on Friday. The firm has a market capitalization of $4.84 billion, a PE ratio of 15.88 and a beta of 1.22. Howard Hughes has a 1-year low of $61.40 and a 1-year high of $91.07. The business’s 50 day moving average is $83.46 and its 200-day moving average is $78.54. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.80.

Howard Hughes (NYSE:HHH) last released its quarterly earnings data on Monday, November 10th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.56 by $0.46. The company had revenue of $390.24 million for the quarter, compared to analyst estimates of $331.52 million. Howard Hughes had a return on equity of 11.06% and a net margin of 14.95%.The company’s revenue was up 19.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.95 EPS. Sell-side 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.