Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) Director J Larry Sorsby sold 4,062 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $225.61, for a total transaction of $916,427.82. Following the transaction, the director now directly owns 127,982 shares in the company, valued at approximately $28,874,019.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hovnanian Enterprises Price Performance
Shares of NYSE:HOV traded up $4.82 on Monday, hitting $219.74. The stock had a trading volume of 46,284 shares, compared to its average volume of 82,587. Hovnanian Enterprises, Inc. has a twelve month low of $65.22 and a twelve month high of $240.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. The firm’s 50 day moving average price is $199.40 and its 200-day moving average price is $166.45. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 7.16 and a beta of 2.64.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last issued its earnings results on Thursday, August 22nd. The construction company reported $9.75 EPS for the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. The company had revenue of $722.70 million for the quarter. During the same quarter in the prior year, the firm posted $7.38 EPS. On average, equities research analysts predict that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
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.
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