Victory Capital Management Inc. Has $698,000 Stock Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Victory Capital Management Inc. cut its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 76.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,414 shares of the construction company’s stock after selling 10,920 shares during the period. Victory Capital Management Inc. owned about 0.06% of Hovnanian Enterprises worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of HOV. Meeder Asset Management Inc. boosted its stake in shares of Hovnanian Enterprises by 2.9% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,223 shares of the construction company’s stock worth $315,000 after acquiring an additional 63 shares in the last quarter. Koss Olinger Consulting LLC boosted its holdings in Hovnanian Enterprises by 3.5% during the third quarter. Koss Olinger Consulting LLC now owns 3,404 shares of the construction company’s stock valued at $696,000 after purchasing an additional 115 shares in the last quarter. Range Financial Group LLC boosted its stake in Hovnanian Enterprises by 2.6% in the 2nd quarter. Range Financial Group LLC now owns 4,595 shares of the construction company’s stock valued at $652,000 after buying an additional 117 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Hovnanian Enterprises by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,928 shares of the construction company’s stock worth $274,000 after purchasing an additional 145 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Hovnanian Enterprises during the third quarter worth about $33,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Hovnanian Enterprises

In other Hovnanian Enterprises news, Director J Larry Sorsby sold 4,062 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $225.61, for a total value of $916,427.82. Following the completion of the sale, the director now directly owns 127,982 shares in the company, valued at $28,874,019.02. This represents a 3.08 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ara K. Hovnanian sold 123 shares of Hovnanian Enterprises stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 47,156 shares in the company, valued at approximately $10,380,450.28. The trade was a 0.26 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,289 shares of company stock worth $5,158,796. 17.67% of the stock is currently owned by company insiders.

Hovnanian Enterprises Stock Performance

Shares of Hovnanian Enterprises stock opened at $190.52 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. Hovnanian Enterprises, Inc. has a 52 week low of $86.61 and a 52 week high of $240.34. The firm has a fifty day moving average of $189.21 and a two-hundred day moving average of $179.84. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.89 and a beta of 2.60.

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.