Engility (EGL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Engility (NYSE:EGL) from a sell rating to a hold rating in a report released on Tuesday morning.

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. “

EGL has been the subject of a number of other reports. Jefferies Group restated a buy rating and issued a $37.00 price objective on shares of Engility in a report on Friday, October 6th. Vertical Research lowered shares of Engility from a hold rating to a sell rating in a report on Friday, November 3rd. Cowen set a $36.00 price target on shares of Engility and gave the company a hold rating in a report on Thursday, October 19th. Drexel Hamilton lowered shares of Engility from a buy rating to a hold rating in a report on Monday, December 18th. Finally, Maxim Group reiterated a hold rating on shares of Engility in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given 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 (NYSE EGL) traded up $0.27 on Tuesday, hitting $28.97. 78,586 shares of the stock were exchanged, compared to its average volume of 120,075. The company has a market cap of $1,056.88, a price-to-earnings ratio of 35.33 and a beta of 2.01. 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 1 year low of $25.70 and a 1 year high of $35.63.

Engility (NYSE:EGL) last announced its quarterly earnings data on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28). The business had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. Engility had a return on equity of 11.87% and a net margin of 1.57%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. equities research analysts forecast that Engility will post 2.2 EPS for the current year.

In related news, Director Peter Marino sold 15,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were 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 directly owns 1,213 shares in the company, valued at approximately $34,437.07. 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 company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total transaction of $128,168.97. Following the sale, the senior vice president now owns 10,154 shares of the company’s stock, valued at $290,302.86. The disclosure for this sale can be found here. Insiders have sold a total of 23,908 shares of company stock valued at $673,910 over the last quarter. 0.41% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of EGL. Boston Partners purchased a new position in Engility during the 3rd quarter valued at $13,468,000. BlackRock Inc. increased its position in 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 period. Dimensional Fund Advisors LP increased its position in Engility by 11.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock valued at $33,878,000 after purchasing an additional 122,104 shares during the period. Royce & Associates LP increased its position in Engility by 44.8% during the 3rd quarter. Royce & Associates LP now owns 378,147 shares of the aerospace company’s stock valued at $13,114,000 after purchasing an additional 117,000 shares during the period. Finally, FMR LLC increased its position in Engility by 3.0% during 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 period. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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About Engility

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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