Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Acquired by Swiss National Bank

Swiss National Bank grew its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,900 shares of the construction company’s stock after purchasing an additional 500 shares during the period. Swiss National Bank owned about 0.16% of Hovnanian Enterprises worth $1,325,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HOV. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Hovnanian Enterprises by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,860 shares of the construction company’s stock worth $1,186,000 after buying an additional 81 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Hovnanian Enterprises by 23.0% during the fourth quarter. Victory Capital Management Inc. now owns 4,199 shares of the construction company’s stock valued at $562,000 after acquiring an additional 785 shares during the period. Principal Financial Group Inc. lifted its position in shares of Hovnanian Enterprises by 7.2% in the 4th quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company’s stock valued at $319,000 after acquiring an additional 161 shares in the last quarter. Rhumbline Advisers boosted its stake in Hovnanian Enterprises by 1.0% in the 4th quarter. Rhumbline Advisers now owns 8,850 shares of the construction company’s stock worth $1,184,000 after purchasing an additional 85 shares during the period. Finally, Empowered Funds LLC grew its position in Hovnanian Enterprises by 5.0% during the 4th quarter. Empowered Funds LLC now owns 30,667 shares of the construction company’s stock worth $4,104,000 after purchasing an additional 1,461 shares in the last quarter. 65.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. StockNews.com lowered Hovnanian Enterprises from a “hold” rating to a “sell” rating in a report on Tuesday, March 18th. Wedbush restated a “neutral” rating and set a $155.00 price objective on shares of Hovnanian Enterprises in a research report on Monday, December 16th. Finally, Zelman & Associates reiterated an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th.

Hovnanian Enterprises Trading Down 2.6 %

Hovnanian Enterprises stock opened at $104.32 on Friday. Hovnanian Enterprises, Inc. has a 12 month low of $95.27 and a 12 month high of $240.34. The company has a quick ratio of 0.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.14. The stock has a market cap of $618.07 million, a P/E ratio of 3.25 and a beta of 2.85. The company’s fifty day simple moving average is $119.55 and its 200-day simple moving average is $155.25.

Hovnanian Enterprises (NYSE:HOV) last issued its earnings results on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.87. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%. The firm had revenue of $673.62 million for the quarter, compared to the consensus estimate of $705.80 million.

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.