Engility Holdings, Inc. (EGL) Receives “Buy” Rating from FBR & Co
Engility Holdings, Inc. (NYSE:EGL)‘s stock had its “buy” rating reaffirmed by analysts at FBR & Co in a research note issued on Monday.
A number of other research firms have also recently weighed in on EGL. Noble Financial reaffirmed a “buy” rating on shares of Engility Holdings in a report on Friday, August 4th. ValuEngine raised Engility Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $37.00 price target on shares of Engility Holdings in a report on Friday, October 6th. Cowen and Company reaffirmed a “hold” rating and set a $36.00 price target on shares of Engility Holdings in a report on Wednesday, September 20th. Finally, Zacks Investment Research raised Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.67.
Engility Holdings (NYSE:EGL) traded down 1.32% during mid-day trading on Monday, reaching $34.28. The company’s stock had a trading volume of 118,759 shares. The firm has a market capitalization of $1.26 billion, a PE ratio of 285.67 and a beta of 2.06. Engility Holdings has a 12 month low of $25.70 and a 12 month high of $39.16. The stock’s 50-day moving average is $32.47 and its 200-day moving average is $29.55.
Engility Holdings (NYSE:EGL) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The firm had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter last year, the company posted $0.34 earnings per share. Engility Holdings’s revenue was down 7.6% on a year-over-year basis. On average, equities analysts anticipate that Engility Holdings will post ($0.29) EPS for the current year.
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In related news, Director William G. Tobin sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.82, for a total transaction of $92,460.00. Following the transaction, the director now owns 6,290 shares in the company, valued at $193,857.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas O. Miiller sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the transaction, the senior vice president now owns 14,637 shares in the company, valued at approximately $454,625.22. The disclosure for this sale can be found here. 0.41% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan increased its stake in shares of Engility Holdings by 4.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock valued at $118,000 after acquiring an additional 160 shares during the period. Mason Street Advisors LLC increased its stake in shares of Engility Holdings by 7.0% during the first quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock valued at $119,000 after acquiring an additional 271 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of Engility Holdings during the second quarter valued at approximately $206,000. Wellington Management Group LLP acquired a new position in shares of Engility Holdings during the first quarter valued at approximately $208,000. Finally, Tudor Investment Corp ET AL increased its stake in shares of Engility Holdings by 10.9% during the first quarter. Tudor Investment Corp ET AL now owns 8,100 shares of the aerospace company’s stock valued at $234,000 after acquiring an additional 794 shares during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.
Engility Holdings Company Profile
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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