Engility Holdings, Inc. (NYSE:EGL) was downgraded by equities researchers at Noble Financial from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

A number of other equities analysts have also weighed in on EGL. ValuEngine raised shares of Engility Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Cowen and Company set a $36.00 target price on shares of Engility Holdings and gave the stock a “hold” rating in a research note on Thursday, August 3rd. FBR & Co reaffirmed a “buy” rating and issued a $40.00 target price on shares of Engility Holdings in a research note on Saturday, August 19th. Zacks Investment Research raised shares of Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research note on Monday, August 7th. Finally, BidaskClub lowered shares of Engility Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.40.

Shares of Engility Holdings (NYSE EGL) traded up 2.804% during mid-day trading on Tuesday, hitting $35.375. The company had a trading volume of 15,609 shares. Engility Holdings has a one year low of $25.70 and a one year high of $39.16. The company has a market capitalization of $1.30 billion, a P/E ratio of 289.959 and a beta of 2.06. The firm’s 50-day moving average price is $31.39 and its 200 day moving average price is $29.19.

Engility Holdings (NYSE:EGL) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. The firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $504.44 million. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Analysts predict that Engility Holdings will post ($0.29) earnings per share for the current fiscal year.

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In other Engility Holdings news, SVP Thomas O. Miiller sold 8,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction of $248,480.00. Following the sale, the senior vice president now directly owns 14,637 shares of the company’s stock, valued at approximately $454,625.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William G. Tobin sold 3,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $30.82, for a total transaction of $92,460.00. Following the sale, the director now directly owns 6,290 shares in the company, valued at $193,857.80. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Arizona State Retirement System lifted its position in Engility Holdings by 1.1% during the 1st quarter. Arizona State Retirement System now owns 9,180 shares of the aerospace company’s stock worth $266,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund lifted its position in Engility Holdings by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 12,887 shares of the aerospace company’s stock worth $366,000 after buying an additional 106 shares in the last quarter. Wells Fargo & Company MN lifted its position in Engility Holdings by 1.0% during the 1st quarter. Wells Fargo & Company MN now owns 13,104 shares of the aerospace company’s stock worth $379,000 after buying an additional 135 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in Engility Holdings by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock worth $118,000 after buying an additional 160 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Engility Holdings by 1.7% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,046 shares of the aerospace company’s stock worth $427,000 after buying an additional 248 shares in the last quarter. 92.56% of the stock is currently owned by hedge funds and other institutional investors.

About Engility Holdings

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.

Analyst Recommendations for Engility Holdings (NYSE:EGL)

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