BWS Financial Weighs in on The Howard Hughes Co.’s Q1 2023 Earnings (NYSE:HHC)

The Howard Hughes Co. (NYSE:HHC – Get Rating) – BWS Financial boosted their Q1 2023 earnings per share (EPS) estimates for Howard Hughes in a report released on Tuesday, January 17th. BWS Financial analyst H. Khorsand now anticipates that the financial services provider will earn $0.83 per share for the quarter, up from their previous forecast of $0.83. BWS Financial currently has a “Buy” rating on the stock. The consensus estimate for Howard Hughes’ current full-year earnings is $3.57 per share. BWS Financial also issued estimates for Howard Hughes’ Q3 2023 earnings at $0.07 EPS, Q4 2023 earnings at $0.23 EPS and FY2023 earnings at $2.34 EPS.

Other equities research analysts also recently issued research reports about the company. Piper Sandler cut their price target on Howard Hughes to $80.00 in a report on Wednesday, November 16th. StockNews.com cut shares of Howard Hughes from a “hold” rating to a “sell” rating in a research report on Friday, December 30th. Finally, TheStreet raised shares of Howard Hughes from a “d+” rating to a “c” rating in a research report on Wednesday, November 23rd. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $96.25.

Howard Hughes Trading Down 0.3 %

Shares of NYSE:HHC opened at $80.81 on Friday. The company’s 50-day moving average price is $75.47 and its two-hundred day moving average price is $68.32. Howard Hughes has a one year low of $50.90 and a one year high of $105.51. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $4.03 billion, a PE ratio of 17.05 and a beta of 1.38.

Insider Buying and Selling

In other news, Director Pershing Square Capital Manage acquired 1,560,205 shares of the business’s stock in a transaction that occurred on Tuesday, November 29th. The stock was acquired at an average price of $70.00 per share, with a total value of $109,214,350.00. Following the completion of the transaction, the director now directly owns 15,180,369 shares of the company’s stock, valued at approximately $1,062,625,830. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have purchased 2,219,532 shares of company stock worth $158,910,530. Company insiders own 26.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HHC. Guardian Wealth Advisors LLC acquired a new position in shares of Howard Hughes during the 3rd quarter worth $30,000. Tower Research Capital LLC TRC grew its position in Howard Hughes by 39.2% in the third quarter. Tower Research Capital LLC TRC now owns 632 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 178 shares during the last quarter. Western Pacific Wealth Management LP acquired a new position in Howard Hughes during the third quarter worth about $59,000. CWM LLC raised its stake in Howard Hughes by 1,430.7% during the second quarter. CWM LLC now owns 1,148 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 1,073 shares in the last quarter. Finally, MetLife Investment Management LLC bought a new position in shares of Howard Hughes in the first quarter worth about $86,000.

About Howard Hughes

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The Howard Hughes Corp. engages in the development and management of commercial, residential, and mixed-use real estate. It operates through the following segments: Operating Assets, Master Planned Communities, Seaport District, and Strategic Developments. The Operating Assets segment consists of retail, office, hospitality, and multi-family properties along with other real estate investments.