Engility (EGL) Stock Rating Lowered by Drexel Hamilton

Engility (NYSE:EGL) was downgraded by research analysts at Drexel Hamilton from a “buy” rating to a “hold” rating in a research note issued on Monday, The Fly reports.

Several other analysts have also recently issued reports on EGL. Cowen reiterated a “hold” rating and issued a $36.00 target price on shares of Engility in a research note on Wednesday, September 20th. ValuEngine upgraded shares of Engility from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Noble Financial cut shares of Engility from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Jefferies Group reiterated a “buy” rating and issued a $37.00 target price on shares of Engility in a research note on Friday, October 6th. Finally, FBR & Co reiterated a “buy” rating on shares of Engility in a research note on Monday, October 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.

Shares of Engility (EGL) traded up $0.48 during mid-day trading on Monday, hitting $28.44. 592,600 shares of the company were exchanged, compared to its average volume of 130,035. The stock has a market cap of $1,047.30, a PE ratio of 12.47 and a beta of 2.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.31. Engility has a 12 month low of $25.70 and a 12 month high of $35.63.

Engility (NYSE:EGL) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28). The business had revenue of $487.10 million for the quarter, compared to analysts’ expectations of $496.84 million. Engility had a net margin of 1.57% and a return on equity of 11.87%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. sell-side analysts anticipate that Engility will post 2.21 EPS for the current fiscal year.

In other news, SVP Thomas O. Miiller sold 3,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $27.97, for a total value of $83,910.00. Following the transaction, the senior vice president now owns 7,154 shares of the company’s stock, valued at approximately $200,097.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Thomas O. Miiller sold 4,483 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total transaction of $128,168.97. Following the completion of the transaction, the senior vice president now directly owns 10,154 shares in the company, valued at approximately $290,302.86. The disclosure for this sale can be found here. Insiders sold a total of 23,908 shares of company stock worth $673,910 in the last three months. Insiders own 0.41% of the company’s stock.

Large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Engility by 7.4% during the 2nd quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock valued at $94,140,000 after purchasing an additional 228,635 shares during the last quarter. FMR LLC grew its holdings in Engility by 3.0% in the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after acquiring an additional 91,414 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Engility by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after acquiring an additional 122,104 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Engility by 6.2% in the 2nd quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock worth $31,818,000 after acquiring an additional 65,803 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Engility by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after acquiring an additional 33,799 shares during the last quarter. 92.64% of the stock is currently owned by hedge funds and other institutional investors.

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Engility 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.

The Fly

Analyst Recommendations for Engility (NYSE:EGL)

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