Hovnanian Enterprises, Inc. (NYSE:HOV) Holdings Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 59.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,791 shares of the construction company’s stock after selling 8,611 shares during the period. SG Americas Securities LLC owned 0.10% of Hovnanian Enterprises worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HOV. Caxton Associates LP grew its stake in shares of Hovnanian Enterprises by 18.9% in the fourth quarter. Caxton Associates LP now owns 15,388 shares of the construction company’s stock worth $2,395,000 after purchasing an additional 2,450 shares in the last quarter. Virtu Financial LLC acquired a new position in Hovnanian Enterprises during the 4th quarter valued at about $737,000. CWM LLC increased its stake in Hovnanian Enterprises by 3,541.7% during the 1st quarter. CWM LLC now owns 437 shares of the construction company’s stock valued at $69,000 after buying an additional 425 shares during the period. Range Financial Group LLC bought a new stake in shares of Hovnanian Enterprises during the 1st quarter worth about $703,000. Finally, Denali Advisors LLC lifted its stake in shares of Hovnanian Enterprises by 88.0% in the 1st quarter. Denali Advisors LLC now owns 10,906 shares of the construction company’s stock worth $1,712,000 after acquiring an additional 5,106 shares during the period. Institutional investors own 65.40% of the company’s stock.

Hovnanian Enterprises Price Performance

NYSE:HOV opened at $194.99 on Thursday. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $201.72 and its 200 day moving average price is $171.63. Hovnanian Enterprises, Inc. has a 52-week low of $65.22 and a 52-week high of $240.34. The firm has a market cap of $1.17 billion, a P/E ratio of 6.50 and a beta of 2.59.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings data on Thursday, August 22nd. The construction company reported $9.75 earnings per share (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 period in the prior year, the firm earned $7.38 EPS. As a group, sell-side analysts predict that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current fiscal year.

Insider Activity

In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 123 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $220.13, for a total transaction of $27,075.99. Following the sale, the chief executive officer now owns 47,156 shares in the company, valued at approximately $10,380,450.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Hovnanian Enterprises news, CEO Ara K. Hovnanian sold 123 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $220.13, for a total transaction of $27,075.99. Following the sale, the chief executive officer now directly owns 47,156 shares of the company’s stock, valued at $10,380,450.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Vincent Pagano, Jr. sold 3,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $201.11, for a total value of $603,330.00. Following the completion of the sale, the director now directly owns 24,552 shares of the company’s stock, valued at approximately $4,937,652.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,913 shares of company stock worth $12,415,177. Insiders own 17.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Hovnanian Enterprises 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.