Howard Hughes Holdings Inc. (HHH) Stock Price & Analysis
Howard Hughes Holdings Inc. (HHH) closed at USD 69.49 on Thursday, October 22, 2026, up 1.18% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 68.68; the Oct 22, 2026 session ranged USD 69.05–70.15 on volume of 370,743 shares. Market capitalization is $4.15B, with a 52-week range of USD 60.09–91.07 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/HHH.md
Key facts (HHH)
- Last four reported quarters (through Jun 30, 2026): revenue $2.37B, net income $292M (12.3% margin), free cash flow $740M (SEC filings).
- Valuation: P/E 14.2x (avg 27.8x at the last 2 fiscal year-ends).
- 1 of 80 tracked superinvestors hold HHH (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $1.0M; 2 not under a Rule 10b5-1 plan ($1.0M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 2 Form 4 filings, $1.7M; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (3 analysts), mean target USD 84 (range 79–90).
- Total return with dividends: 1Y -14.6% vs S&P 500 +14.9%; 5Y -21.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 0.69, revenue estimate $620M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (HHH)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.43B | $1.49B | $909M | $1.75B | $1.47B | $2.37B |
| Operating income | $242M | $424M | $216M | $560M | $332M | $506M |
| Net income | $48.9M | $185M | -$552M | $198M | $124M | $292M |
| EPS (diluted) | $0.98 | $3.65 | -$11.12 | $3.96 | $2.21 | — |
| Free cash flow | -$320M | $282M | -$299M | $349M | $418M | $740M |
| Operating margin | 16.9% | 28.5% | 23.8% | 32.0% | 22.5% | 21.3% |
| Net margin | 3.4% | 12.4% | -60.7% | 11.3% | 8.4% | 12.3% |
| Revenue growth | — | +4.3% | -39.0% | +92.6% | -15.8% | — |
| Cash + short-term investments | $843M | $610M | $630M | $596M | $1.47B | — |
| Total debt | — | — | $5.30B | $5.13B | $5.11B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (HHH)
P/E 14.2x · P/S 1.8x · P/FCF 5.6x · P/B 1.1x · FCF yield 17.84% · Earnings yield 7.04%
P/E at fiscal year-ends: Dec 2025 36.1x, Dec 2024 19.4x.
Superinvestors (SEC 13F-HR, Q2 2026) (HHH)
1 of 80 tracked investors hold HHH. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Bill Ackman | Pershing Square | 10.23% | $1.99B | Added +209.5% |
Insider sales (SEC Form 4, open-market, last ~7 months) (HHH)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Tighe Mary Ann | Director | 13,495 | $908K | 26.5% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-15 | Carman James | President, Houston Region | 1,500 | $96K | 6.4% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Insider purchases (SEC Form 4, open-market, last ~7 months) (HHH)
2 purchases, $1.7M. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-23 | Grandisson Marc | Executive Chairman, Vantage | 25,000 | $1.6M | 64.12 | Too little history (no open-market trades in 2023–2025) |
| 2026-09-23 | Davis Andrew D. | Chief Operating Officer, HHC | 1,000 | $64K | 64.49 | Too little history (no open-market trades in 2023–2025) |
Analysts (HHH)
Consensus Buy (mean 2.00 on a 1–5 scale), 3 analysts; mean target USD 84 (low 79, high 90).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Piper Sandler | Target lowered | Overweight | $100 → $83 |
| 2026-07-16 | JP Morgan | Target raised | Neutral | $76 → $79 |
Total return (dividends reinvested) (HHH)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -14.6% | -21.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -14.6% | -4.7% |
| Volatility (annualized) | 33.4% | 31.6% |
| Max drawdown | -33.0% (Dec 2025→Sep 2026) | -47.5% (Mar 2022→Oct 2022) |
HHH revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Strategic Developments | $707.4M | 63.0% | +98980.1% |
| MPC | $181.7M | 16.2% | +26.5% |
| Operating Assets | $120.0M | 10.7% | +3.0% |
| Total revenue | $1.12B | 100% | — |
HHH revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Condominium Rights & Unit Sales | $706.3M | 62.9% | +365864.2% |
| Master Planned Community Land Sales | $170.9M | 15.2% | +36.7% |
| Other Revenues | $15.8M | 1.4% | +51.5% |
| Builder Price Participation | $6.9M | 0.6% | -51.4% |
| Total revenue | $1.12B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
HHH suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Trillium Development Holding Company | “As of December 31, 2025, our MPCs, including Floreo, our unconsolidated joint venture in the Phoenix region, include approximately 34,000 acres of land available for sale or development.” |
| Partner | Summit | “Within our Summerlin MPC, an exclusive luxury community named The Summit is being developed and managed through a joint venture with Discovery Land Company, a leading developer of luxury communities and private clubs.” |
| Partner | Vantage Group Holdings | “Since the announcement of our transaction with Pershing Square in May 2025, we have been executing on our strategy to become a diversified holding company, including by entering into the Purchase and Sale Agreement with Vantage on December 17, 2025, pursuant to which the Company will acquire Vantage for a purchase price of $2.1 billion (subject to certain adjustments).” |
Quoted from the company's 10-K filed Feb 19, 2026.
Companies that name HHH in their SEC reports
| Relationship to HHH | Company | Filing | Sentence |
|---|---|---|---|
| partner | Seaport Entertainment Group Inc. (SEG) | 10-K Mar 4, 2026 | “In connection with the Spin-Off, we entered into a separation agreement with HHH (the "Separation Agreement").” |
HHH company outlook (results filed Aug 5, 2026)
- “These partial-period ratios are not indicative of expected full-year performance. – The real estate platform delivered Master Planned Communities (MPC) EBT of $134.7 million and Total Operating Assets Net Operating Income (NOI) of $70.5 million in the quarter.”
- “Over the life of the investments, the asset generated approximately $45 million of cumulative cash flow and an outsized project-level IRR.”
- “These partial-period ratios are not indicative of expected full-year performance. – Net insurance investment income was $11.0 million. – Net loss before income taxes was $20.8 million.”
- “(v) our ability to realize the anticipated benefits of recent transactions, including the May 2025 transactions with Pershing Square and the spinoff of Seaport Entertainment Group Inc. in 2024;”
Quoted word-for-word from the SEC 8-K results press release.
HHH analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.69 | $0.00 | — | $620.4M | 1 |
| Next quarter (ends Dec 2026) | $0.69 | $0.00 | — | $583.3M | 1 |
| Current fiscal year (ends Dec 2026) | $4.47 | $2.77 | +61.5% | $2.55B | 2 |
| Next fiscal year (ends Dec 2027) | $3.43 | $0.00 | — | $2.36B | 1 |
HHH options: expected move
Options price a move of about ±9.1% (±$6.30) by Nov 20, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±5.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 40.1% | ±9.1% |
| Dec 18, 2026 | 56 | 42.8% | ±13.5% |
| Jan 15, 2027 | 84 | 33.8% | ±13.0% |
| Apr 16, 2027 | 175 | 34.4% | ±19.0% |
30-day implied volatility 37.2% vs 50.1% realized over the last 30 trading days. Put/call ratio (volume) 0.42. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 69.49 |
|---|---|
| Change | ▲ 1.18% (up) |
| Previous Close | USD 68.68 |
| Open | USD 68.54 |
| Day Range | USD 69.05 – 70.15 |
| 52-Week Range | USD 60.09 – 91.07 |
| Volume | 370,743 shares |
| Market Cap | $4.15B |
| Exchange | NYQ |
Technical Analysis (HHH)
Nexqual's technical model rates HHH "BUY" based on 4 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 51.15 (neutral) |
| vs SMA50 | Above (USD 67.12) |
| MACD | 0.5 (positive) |
Analyst Ratings (HHH)
Wall Street analysts rate HHH "Buy" based on 3 analysts, with a mean price target of USD 84 (range USD 79–90), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 84 |
| High Target | USD 90 |
| Low Target | USD 79 |
| Buy / Hold / Sell | 2 / 1 / 0 |
Earnings (HHH)
| Next Earnings Date | 2026-11-05 |
|---|---|
| EPS Estimate | USD 0.69 |
| Revenue Estimate | $620.35M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.68 vs est 0.99 ▲ beat |
| 2026-03-31 | USD 0.14 vs est 0.08 ▲ beat |
| 2025-12-31 | USD 0.1 vs est 0.4 ▼ miss |
| 2025-09-30 | USD 2.02 vs est 1.53 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (HHH)
| Total Revenue | $2.37B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +330.20% |
| Gross Margin | +41.89% |
| Operating Margin | +28.39% |
| Profit Margin | +12.31% |
| ROE | +7.49% |
| Debt / Equity | 1.35 |
| Current Ratio | 3.48 |
| Total Cash | $2.68B |
| Total Debt | $5.46B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $740.40M (31.2% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (HHH)
Nexqual rates Howard Hughes Holdings Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Critical — Revenue -16% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 42%, operating 28% (last 12 months) |
| Balance Sheet | Mixed — $1.47B cash and investments vs $5.11B debt (Dec 2025, SEC) |
| Cash Flow | Strong — FCF $740M (last 4 quarters to Jun 2026, SEC), 31% margin |
| Efficiency | Mixed — ROE 7%, ROA 2.8% |
Ownership (HHH)
| Insider Ownership | +1.07% |
|---|---|
| Institutional Ownership | +93.38% |
| Shares Outstanding | 59.72M |
| Float | 30.45M |
| Short % of Float | +14.24% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (HHH)
Howard Hughes Holdings Inc. is led by David R. O'Reilly, CEO & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO & Director | David R. O'Reilly |
|---|---|
| Executive Chairman | William Albert Ackman |
| Chief Financial Officer | Carlos A. Olea |
| Chief Operating Officer | Andrew D. Davis |
| Chief Investment Officer & Director | Ryan Michael Israel |
Major Backers & Investors (HHH)
Notable institutional backers of Howard Hughes Holdings Inc. include Pershing Square, Wells Fargo & Company, American Century Companies Inc, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Pershing Square | 46.64% |
| Wells Fargo & Company | 2.5% |
| American Century Companies Inc | 2.39% |
| Donald Smith & Co., Inc. | 1.68% |
| DFA INVESTMENT DIMENSIONS GROUP INC-U.S. Small Cap Value Portfolio | 1.5% |
| Long Focus Capital Management, LLC | 1.23% |
| Flat Footed LLC | 1.04% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 6.67% |
| Dimensional Fund Advisors | 4.9% |
| BlackRock | 2.71% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Howard Hughes Holdings Inc.'s Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We have developed many of the assets in our Operating Assets segment since the Company's inception in 2010.
Legal & Regulatory Risks (Item 1A, quoted)
- Our development, construction, and sale of condominiums are subject to state regulations and may be subject to claims from the condominium owner's association at each project.
- Government regulations and legal challenges may delay the start or completion of the development of our communities, increase our expenses, or limit our homebuilding or other activities.
- We may be subject to increased compliance costs to comply with new and contemplated government regulations relating to energy standards and climate change.
- We may be subject to potential costs to comply with environmental laws.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CCS | Century Communities, Inc. | USD 58.34 | ▲ 7.48% |
| FOR | Forestar Group Inc | USD 26.22 | ▲ 3.97% |
| WPC | W. P. Carey Inc. REIT | USD 64.54 | ▲ 3.15% |
| SUI | Sun Communities, Inc. | USD 119.86 | ▲ 2.92% |
| KIM | Kimco Realty Corporation (HC) | USD 23.59 | ▲ 3.83% |
| LAMR | Lamar Advertising Company | USD 157.51 | ▲ 1.57% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt