Engility (NYSE:EGL) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Engility (NYSE:EGL) from a sell rating to a hold rating in a report published on Tuesday, January 9th.

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 research analysts also recently weighed in on EGL. B. Riley reiterated a buy rating on shares of Engility in a research report on Friday, November 3rd. Noble Financial cut Engility from a buy rating to a hold rating in a research report on Tuesday, October 3rd. Cowen reiterated a hold rating and set a $36.00 price target on shares of Engility in a research report on Monday, November 6th. ValuEngine upgraded Engility from a hold rating to a buy rating in a report on Tuesday, September 26th. Finally, Jefferies Group restated a buy rating and issued a $37.00 target price on shares of Engility in a report on Friday, October 6th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $35.00.

Shares of Engility (NYSE EGL) opened at $26.77 on Tuesday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31. Engility has a 52 week low of $25.70 and a 52 week high of $35.63. The firm has a market capitalization of $989.85, a PE ratio of 32.65 and a beta of 2.01.

Engility (NYSE:EGL) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28). The company had revenue of $487.10 million during the quarter, compared to analyst estimates of $496.84 million. Engility had a net margin of 1.57% and a return on equity of 11.87%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. research analysts forecast that Engility will post 2.19 EPS for the current fiscal year.

In related news, SVP Thomas O. Miiller sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $27.97, for a total transaction of $83,910.00. Following the transaction, the senior vice president now owns 7,154 shares in the company, valued at approximately $200,097.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Thomas O. Miiller sold 4,483 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 10,154 shares in the company, valued at approximately $290,302.86. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,908 shares of company stock worth $673,910. Company insiders own 0.41% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Thrivent Financial For Lutherans grew its stake in shares of Engility by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 10,622 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 650 shares during the last quarter. FMR LLC grew its stake in shares of Engility by 3.0% in the 2nd quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock valued at $89,157,000 after purchasing an additional 91,414 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Engility by 45.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 12,787 shares of the aerospace company’s stock valued at $443,000 after purchasing an additional 4,010 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Engility by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock valued at $27,436,000 after purchasing an additional 33,799 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Engility in the 3rd quarter valued at approximately $13,468,000. Institutional investors own 92.67% of the company’s stock.

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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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