Hovnanian Enterprises, Inc. (NYSE:HOV) Director Sells $224,977.80 in Stock

Hovnanian Enterprises, Inc. (NYSE:HOVGet Free Report) Director Robin Stone Sellers sold 1,459 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $154.20, for a total value of $224,977.80. Following the sale, the director now directly owns 22,716 shares of the company’s stock, valued at $3,502,807.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Hovnanian Enterprises Stock Down 3.8 %

HOV stock traded down $5.85 during mid-day trading on Friday, hitting $147.77. The stock had a trading volume of 41,227 shares, compared to its average volume of 79,653. Hovnanian Enterprises, Inc. has a 1-year low of $65.22 and a 1-year high of $184.42. The company has a fifty day moving average of $151.43 and a 200 day moving average of $149.64. The company has a current ratio of 1.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $885.14 million, a price-to-earnings ratio of 4.95 and a beta of 2.45.

Hovnanian Enterprises (NYSE:HOVGet Free Report) last posted its earnings results on Wednesday, May 22nd. The construction company reported $6.66 earnings per share for the quarter. The firm had revenue of $708.38 million during the quarter. Hovnanian Enterprises had a return on equity of 54.85% and a net margin of 8.02%. On average, equities analysts expect that Hovnanian Enterprises, Inc. will post 27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HOV. Zelman & Associates raised Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 target price for the company in a report on Thursday, May 23rd. StockNews.com raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Finally, TheStreet raised shares of Hovnanian Enterprises from a “c+” rating to a “b-” rating in a research report on Friday, February 16th.

Get Our Latest Stock Analysis on Hovnanian Enterprises

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in Hovnanian Enterprises by 2.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,917 shares of the construction company’s stock worth $1,243,000 after purchasing an additional 188 shares during the last quarter. EntryPoint Capital LLC increased its stake in Hovnanian Enterprises by 309.9% during the first quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock valued at $130,000 after acquiring an additional 626 shares during the period. Vanguard Group Inc. raised its holdings in Hovnanian Enterprises by 6.1% in the 1st quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company’s stock valued at $44,011,000 after acquiring an additional 16,012 shares in the last quarter. Foundry Partners LLC bought a new stake in shares of Hovnanian Enterprises in the 1st quarter worth approximately $4,259,000. Finally, Entropy Technologies LP acquired a new stake in shares of Hovnanian Enterprises during the 1st quarter worth approximately $205,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

About Hovnanian Enterprises

(Get Free Report)

Hovnanian Enterprises, Inc, through its subsidiaries, designs, constructs, markets, and sells residential homes in the United States. It offers single-family detached homes, attached townhomes and condominiums, urban infill, and active lifestyle homes with amenities, such as clubhouses, swimming pools, tennis courts, tot lots, and open areas.

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Insider Buying and Selling by Quarter for Hovnanian Enterprises (NYSE:HOV)

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