Axa S.A. Acquires 5,226 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Axa S.A. raised its holdings in Hovnanian Enterprises, Inc. (NYSE:HOV) by 306.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,930 shares of the construction company’s stock after buying an additional 5,226 shares during the quarter. Axa S.A. owned 0.12% of Hovnanian Enterprises worth $984,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Innealta Capital LLC acquired a new stake in shares of Hovnanian Enterprises in the second quarter worth $37,000. CWM LLC grew its position in Hovnanian Enterprises by 3,541.7% in the 1st quarter. CWM LLC now owns 437 shares of the construction company’s stock worth $69,000 after purchasing an additional 425 shares during the last quarter. EntryPoint Capital LLC grew its position in Hovnanian Enterprises by 309.9% in the 1st quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock worth $130,000 after purchasing an additional 626 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Hovnanian Enterprises during the 2nd quarter worth about $156,000. Finally, Entropy Technologies LP acquired a new position in shares of Hovnanian Enterprises during the first quarter valued at about $205,000. 65.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Hovnanian Enterprises Stock Performance

Shares of NYSE HOV opened at $204.25 on Wednesday. Hovnanian Enterprises, Inc. has a one year low of $65.22 and a one year high of $240.34. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $202.84 and a 200 day simple moving average of $169.67. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 6.81 and a beta of 2.64.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Thursday, August 22nd. The construction company reported $9.75 EPS for the quarter. The company had revenue of $722.70 million during the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. During the same period in the previous year, the business posted $7.38 earnings per share. Sell-side analysts expect that Hovnanian Enterprises, Inc. will post 30 EPS for the current year.

Insider Buying and Selling at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 20,000 shares of the stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $229.45, for a total value of $4,589,000.00. Following the completion of the transaction, the chief executive officer now directly owns 12,890 shares of the company’s stock, valued at approximately $2,957,610.50. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Ara K. Hovnanian sold 20,000 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $229.45, for a total value of $4,589,000.00. Following the sale, the chief executive officer now owns 12,890 shares in the company, valued at approximately $2,957,610.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward A. Kangas sold 4,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $232.21, for a total transaction of $928,840.00. Following the completion of the sale, the director now directly owns 14,790 shares in the company, valued at approximately $3,434,385.90. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 66,913 shares of company stock valued at $13,958,047. 17.67% of the stock is currently owned by corporate insiders.

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.