Hovnanian Enterprises, Inc. (NYSE:HOV) Director Sells $603,330.00 in Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Vincent Pagano, Jr. sold 3,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $201.11, for a total transaction of $603,330.00. Following the transaction, the director now owns 24,552 shares in the company, valued at $4,937,652.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Hovnanian Enterprises Stock Down 0.2 %

HOV stock traded down $0.39 during midday trading on Thursday, hitting $199.06. The company’s stock had a trading volume of 40,875 shares, compared to its average volume of 81,540. 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, Inc. has a 12 month low of $65.22 and a 12 month high of $240.34. The company has a market cap of $1.19 billion, a PE ratio of 6.59 and a beta of 2.64. The firm’s 50-day moving average is $203.03 and its 200-day moving average is $169.88.

Hovnanian Enterprises (NYSE:HOV) last announced its earnings results on Thursday, August 22nd. The construction company reported $9.75 EPS for the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. The business had revenue of $722.70 million during the quarter. During the same period in the prior year, the company posted $7.38 earnings per share. On average, equities research analysts forecast that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hovnanian Enterprises

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Foundry Partners LLC bought a new stake in Hovnanian Enterprises in the first quarter worth $4,259,000. Vanguard Group Inc. raised its holdings in Hovnanian Enterprises by 6.1% in the first quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company’s stock worth $44,011,000 after purchasing an additional 16,012 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Hovnanian Enterprises by 425,175.0% during the second quarter. Nisa Investment Advisors LLC now owns 17,011 shares of the construction company’s stock valued at $2,414,000 after acquiring an additional 17,007 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of Hovnanian Enterprises by 88.1% in the 2nd quarter. Victory Capital Management Inc. now owns 14,334 shares of the construction company’s stock worth $2,034,000 after purchasing an additional 6,715 shares in the last quarter. Finally, Koss Olinger Consulting LLC acquired a new stake in Hovnanian Enterprises in the second quarter worth about $467,000. Institutional investors own 65.40% of the company’s stock.

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.