Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) Director J Larry Sorsby sold 4,062 shares of Hovnanian Enterprises stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $225.61, for a total transaction of $916,427.82. Following the sale, the director now directly owns 127,982 shares of the company’s stock, valued at approximately $28,874,019.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Hovnanian Enterprises Stock Performance
Shares of HOV opened at $215.95 on Wednesday. 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 firm has a fifty day simple moving average of $201.03 and a 200 day simple moving average of $167.45. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.20 and a beta of 2.64. Hovnanian Enterprises, Inc. has a 12 month low of $65.22 and a 12 month high of $240.34.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last released 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 return on equity of 52.22% and a net margin of 8.41%. The firm had revenue of $722.70 million for the quarter. During the same quarter in the prior year, the company earned $7.38 EPS. Research analysts forecast that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.
Institutional Investors Weigh In On Hovnanian Enterprises
Analyst Upgrades and Downgrades
Separately, StockNews.com cut Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
Read Our Latest Stock Report on HOV
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.
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