Howard Hughes (NYSE:HHH) COO Andrew Davis Buys 1,000 Shares of Stock

Howard Hughes Holdings Inc. (NYSE:HHH) COO Andrew Davis purchased 1,000 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was purchased at an average cost of $64.49 per share, for a total transaction of $64,490.00. Following the purchase, the chief operating officer directly owned 32,530 shares in the company, valued at approximately $2,097,859.70. This trade represents a 3.17% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Howard Hughes Stock Up 1.4%

Shares of HHH stock traded up $0.88 on Thursday, hitting $64.63. 647,207 shares of the stock were exchanged, compared to its average volume of 645,660. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $3.86 billion, a P/E ratio of 13.38 and a beta of 1.14. The business has a 50-day moving average of $65.26 and a 200 day moving average of $65.64. Howard Hughes Holdings Inc. has a fifty-two week low of $60.09 and a fifty-two week high of $91.07.

Howard Hughes (NYSE:HHH) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $2.19. Howard Hughes had a return on equity of 7.51% and a net margin of 12.31%.The business had revenue of $1.12 billion during the quarter. During the same quarter in the previous year, the business posted ($0.22) earnings per share. The firm’s quarterly revenue was up 330.2% compared to the same quarter last year. Equities analysts anticipate that Howard Hughes Holdings Inc. will post 4.75 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Zacks Research upgraded shares of Howard Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings upgraded shares of Howard Hughes from a “sell (d)” rating to a “hold (c-)” rating in a report on Thursday, August 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Howard Hughes from $76.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday, July 16th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $79.00.

Institutional Investors Weigh In On Howard Hughes

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in shares of Howard Hughes in the 2nd quarter valued at approximately $31,000. Huntington National Bank increased its holdings in Howard Hughes by 134.1% during the fourth quarter. Huntington National Bank now owns 494 shares of the company’s stock worth $39,000 after buying an additional 283 shares during the last quarter. Versant Capital Management Inc increased its holdings in Howard Hughes by 688.4% during the second quarter. Versant Capital Management Inc now owns 883 shares of the company’s stock worth $63,000 after buying an additional 771 shares during the last quarter. Global Retirement Partners LLC raised its position in Howard Hughes by 245.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,288 shares of the company’s stock worth $103,000 after acquiring an additional 915 shares in the last quarter. Finally, Nykredit A S bought a new stake in Howard Hughes during the second quarter worth $110,000. 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.