American Century Companies Inc. Has $19.01 Million Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

American Century Companies Inc. boosted its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 16.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,933 shares of the construction company’s stock after purchasing an additional 18,622 shares during the period. American Century Companies Inc. owned 2.24% of Hovnanian Enterprises worth $19,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Foundry Partners LLC bought a new position in Hovnanian Enterprises in the 1st quarter valued at $4,259,000. Nisa Investment Advisors LLC boosted its position in Hovnanian Enterprises by 425,175.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,011 shares of the construction company’s stock valued at $2,414,000 after buying an additional 17,007 shares during the last quarter. Vanguard Group Inc. boosted its position 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 buying an additional 16,012 shares during the last quarter. SG Americas Securities LLC boosted its position in Hovnanian Enterprises by 2,143.3% in the 2nd quarter. SG Americas Securities LLC now owns 14,402 shares of the construction company’s stock valued at $2,044,000 after buying an additional 13,760 shares during the last quarter. Finally, UBS Group AG boosted its position in Hovnanian Enterprises by 17.4% in the 4th quarter. UBS Group AG now owns 53,332 shares of the construction company’s stock valued at $8,300,000 after buying an additional 7,900 shares during the last quarter. 65.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Hovnanian Enterprises

In related news, Director Edward A. Kangas sold 4,000 shares of Hovnanian Enterprises stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $232.21, for a total value of $928,840.00. Following the sale, the director now owns 14,790 shares of the company’s stock, valued at $3,434,385.90. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Ara K. Hovnanian sold 1,123 shares of Hovnanian Enterprises stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.05, for a total transaction of $157,276.15. Following the completion of the transaction, the chief executive officer now owns 59,859 shares in the company, valued at $8,383,252.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward A. Kangas sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $232.21, for a total value of $928,840.00. Following the sale, the director now owns 14,790 shares of the company’s stock, valued at approximately $3,434,385.90. The disclosure for this sale can be found here. Insiders have sold 91,677 shares of company stock valued at $17,033,021 in the last 90 days. 17.67% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com lowered Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

Hovnanian Enterprises Stock Performance

Shares of Hovnanian Enterprises stock opened at $214.92 on Friday. The company has a market capitalization of $1.29 billion, a PE ratio of 7.23 and a beta of 2.64. Hovnanian Enterprises, Inc. has a 12 month low of $65.22 and a 12 month high of $240.34. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock’s fifty day simple moving average is $198.28 and its 200 day simple moving average is $165.82.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share (EPS) for the quarter. Hovnanian Enterprises had a return on equity of 52.22% and a net margin of 8.41%. The firm had revenue of $722.70 million for the quarter. During the same period in the prior year, the business earned $7.38 EPS. On average, research analysts predict that Hovnanian Enterprises, Inc. will post 30 EPS for the current year.

Hovnanian Enterprises Company Profile

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.