Noble Financial downgraded shares of Engility Holdings, Inc. (NYSE:EGL) from a buy rating to a hold rating in a research report released on Tuesday morning.

A number of other research analysts have also recently commented on the company. ValuEngine raised Engility Holdings from a hold rating to a buy rating in a research note on Tuesday, September 26th. Cowen and Company reaffirmed a hold rating and set a $36.00 target price on shares of Engility Holdings in a research note on Wednesday, September 20th. FBR & Co reaffirmed a buy rating and set a $40.00 target price on shares of Engility Holdings in a research note on Saturday, August 19th. Zacks Investment Research raised Engility Holdings from a sell rating to a hold rating and set a $35.00 target price on the stock in a research note on Monday, August 7th. Finally, Maxim Group reaffirmed a hold rating on shares of Engility Holdings in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $35.67.

Engility Holdings (NYSE:EGL) traded up 0.06% during midday trading on Tuesday, reaching $34.99. The company’s stock had a trading volume of 105,775 shares. The company’s 50-day moving average is $31.67 and its 200 day moving average is $29.27. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 286.80 and a beta of 2.06. Engility Holdings has a 12-month low of $25.70 and a 12-month high of $39.16.

Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.09. The firm had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The company’s quarterly revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.34 earnings per share. Equities analysts forecast that Engility Holdings will post ($0.29) earnings per share for the current year.

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In related news, SVP Thomas O. Miiller sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the completion of the sale, the senior vice president now owns 14,637 shares in the company, valued at $454,625.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William G. Tobin sold 3,000 shares of the business’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 value of $92,460.00. Following the completion of the sale, the director now owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Engility Holdings by 1.7% in the second quarter. The Manufacturers Life Insurance Company now owns 15,046 shares of the aerospace company’s stock valued at $427,000 after purchasing an additional 248 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Engility Holdings by 56.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 18,401 shares of the aerospace company’s stock valued at $514,000 after purchasing an additional 6,668 shares during the period. State Street Corp boosted its holdings in shares of Engility Holdings by 10.8% in the second quarter. State Street Corp now owns 614,380 shares of the aerospace company’s stock valued at $17,445,000 after purchasing an additional 59,779 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Engility Holdings by 14.7% in the second quarter. Voya Investment Management LLC now owns 9,539 shares of the aerospace company’s stock valued at $271,000 after purchasing an additional 1,219 shares during the period. Finally, OxFORD Asset Management LLP purchased a new stake in shares of Engility Holdings in the second quarter valued at approximately $206,000. Hedge funds and other institutional investors own 92.56% of the company’s stock.

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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