Robin Stone Sellers Sells 531 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Robin Stone Sellers sold 531 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $205.75, for a total transaction of $109,253.25. Following the sale, the director now directly owns 21,033 shares in the company, valued at approximately $4,327,539.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hovnanian Enterprises Stock Performance

Shares of NYSE:HOV traded down $0.12 during midday trading on Tuesday, hitting $204.25. The stock had a trading volume of 53,215 shares, compared to its average volume of 82,008. The company has a market capitalization of $1.22 billion, a PE ratio of 6.82 and a beta of 2.64. Hovnanian Enterprises, Inc. has a 1 year low of $65.22 and a 1 year high of $240.34. The stock has a 50 day moving average price of $202.69 and a two-hundred day moving average price of $169.16. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Hedge Funds Weigh In On Hovnanian Enterprises

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC purchased a new position in Hovnanian Enterprises during the first quarter worth $4,259,000. Bank of Montreal Can boosted its stake in shares of Hovnanian Enterprises by 72.3% during the second quarter. Bank of Montreal Can now owns 45,363 shares of the construction company’s stock valued at $6,438,000 after acquiring an additional 19,031 shares during the last quarter. American Century Companies Inc. increased its position in Hovnanian Enterprises by 16.1% during the 2nd quarter. American Century Companies Inc. now owns 133,933 shares of the construction company’s stock worth $19,008,000 after purchasing an additional 18,622 shares in the last quarter. Nisa Investment Advisors LLC raised its stake 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 purchasing an additional 17,007 shares during the last quarter. Finally, Vanguard Group Inc. lifted 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 purchasing an additional 16,012 shares in the last quarter. Institutional investors and hedge funds own 65.40% of the company’s stock.

Analyst Ratings Changes

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

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.