Hovnanian Enterprises Inc $HOV Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC trimmed its position in shares of Hovnanian Enterprises Inc (NYSE:HOV) by 4.9% in the first quarter, HoldingsChannel reports. The firm owned 81,783 shares of the construction company’s stock after selling 4,173 shares during the period. Bridgeway Capital Management LLC’s holdings in Hovnanian Enterprises were worth $8,563,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in HOV. PDT Partners LLC bought a new position in Hovnanian Enterprises in the 1st quarter worth approximately $208,000. Steamboat Capital Partners LLC acquired a new position in Hovnanian Enterprises during the 1st quarter worth $1,286,000. Panagora Asset Management Inc. bought a new position in shares of Hovnanian Enterprises in the first quarter worth $1,373,000. Quantbot Technologies LP increased its holdings in shares of Hovnanian Enterprises by 2,530.3% during the first quarter. Quantbot Technologies LP now owns 4,945 shares of the construction company’s stock valued at $518,000 after purchasing an additional 4,757 shares during the period. Finally, Algert Global LLC increased its holdings in shares of Hovnanian Enterprises by 150.5% during the first quarter. Algert Global LLC now owns 15,095 shares of the construction company’s stock valued at $1,581,000 after purchasing an additional 9,070 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HOV shares. Wall Street Zen lowered shares of Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Saturday, August 30th. Wedbush reissued a “neutral” rating and set a $120.00 target price on shares of Hovnanian Enterprises in a report on Wednesday, August 27th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hovnanian Enterprises currently has a consensus rating of “Reduce” and an average target price of $120.00.

Insiders Place Their Bets

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 609 shares of the business’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $138.31, for a total transaction of $84,230.79. Following the sale, the chief executive officer owned 62,896 shares in the company, valued at approximately $8,699,145.76. The trade was a 0.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward A. Kangas sold 5,500 shares of the firm’s stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $107.12, for a total transaction of $589,160.00. Following the completion of the transaction, the director owned 5,338 shares of the company’s stock, valued at approximately $571,806.56. The trade was a 50.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 19.77% of the company’s stock.

Hovnanian Enterprises Trading Up 2.0%

Shares of NYSE:HOV opened at $138.93 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.28 and a current ratio of 1.58. The stock has a market capitalization of $822.47 million, a price-to-earnings ratio of 6.68 and a beta of 2.12. Hovnanian Enterprises Inc has a 1-year low of $81.15 and a 1-year high of $233.15. The company has a 50 day moving average price of $127.51 and a 200 day moving average price of $110.32.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, August 21st. The construction company reported $1.99 EPS for the quarter, missing analysts’ consensus estimates of $3.51 by ($1.52). The company had revenue of $800.58 million for the quarter, compared to analyst estimates of $806.20 million. Hovnanian Enterprises had a net margin of 5.06% and a return on equity of 23.52%. Hovnanian Enterprises’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company posted $9.75 EPS. Hovnanian Enterprises has set its Q4 2025 guidance at EPS.

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.