D. E. Shaw & Co. Inc. Grows Stock Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

D. E. Shaw & Co. Inc. grew its stake in Hovnanian Enterprises, Inc. (NYSE:HOV) by 8.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 121,239 shares of the construction company’s stock after buying an additional 9,407 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Hovnanian Enterprises were worth $16,224,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP purchased a new position in Hovnanian Enterprises during the fourth quarter valued at approximately $25,000. KLP Kapitalforvaltning AS purchased a new stake in Hovnanian Enterprises in the 4th quarter worth approximately $120,000. Brevan Howard Capital Management LP acquired a new stake in shares of Hovnanian Enterprises during the 4th quarter worth approximately $204,000. Citadel Advisors LLC purchased a new position in shares of Hovnanian Enterprises during the 4th quarter valued at approximately $269,000. Finally, Trexquant Investment LP purchased a new position in shares of Hovnanian Enterprises during the 4th quarter valued at approximately $286,000. Hedge funds and other institutional investors own 65.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on HOV. Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com lowered shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th.

Hovnanian Enterprises Stock Up 6.2%

Hovnanian Enterprises stock opened at $107.79 on Tuesday. The stock has a market capitalization of $638.66 million, a PE ratio of 3.36 and a beta of 2.28. Hovnanian Enterprises, Inc. has a 12 month low of $81.15 and a 12 month high of $240.34. The business has a 50 day simple moving average of $100.86 and a 200-day simple moving average of $131.17. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.87. The firm had revenue of $673.62 million for the quarter, compared to analysts’ expectations of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

About Hovnanian Enterprises

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.