Engility (EGL) Rating Increased to Hold at Zacks Investment Research
Engility (NYSE:EGL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “
Several other equities analysts have also recently weighed in on EGL. B. Riley reissued a “buy” rating on shares of Engility in a research note on Friday, November 3rd. ValuEngine cut shares of Engility from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Noble Financial cut shares of Engility from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cowen reaffirmed a “hold” rating and set a $36.00 price objective on shares of Engility in a research report on Monday, November 6th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Engility in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. Engility has an average rating of “Hold” and a consensus price target of $35.00.
Engility (NYSE:EGL) last released its earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.28). Engility had a net margin of 1.57% and a return on equity of 11.87%. The firm had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same period in the prior year, the business posted $0.52 earnings per share. Engility’s quarterly revenue was down 4.8% compared to the same quarter last year. research analysts predict that Engility will post 2.2 EPS for the current year.
In other news, Director Peter Marino sold 15,000 shares of Engility stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.39, for a total transaction of $425,850.00. Following the completion of the sale, the director now owns 1,213 shares of the company’s stock, valued at $34,437.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Thomas O. Miiller sold 4,483 shares of Engility stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.59, for a total value of $128,168.97. Following the sale, the senior vice president now directly owns 10,154 shares of the company’s stock, valued at approximately $290,302.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,908 shares of company stock valued at $673,910. Company insiders own 0.57% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Engility by 7.4% during the second quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock worth $94,140,000 after buying an additional 228,635 shares in the last quarter. FMR LLC lifted its holdings in shares of Engility by 3.0% during the second quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after buying an additional 91,414 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Engility by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after buying an additional 122,104 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Engility by 3.6% during the second quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after buying an additional 33,799 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Engility by 10.8% during the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock worth $17,445,000 after buying an additional 59,779 shares in the last quarter. 91.81% of the stock is owned by 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.
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