Robin Stone Sellers Sells 531 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Robin Stone Sellers sold 531 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $205.75, for a total value of $109,253.25. Following the transaction, the director now owns 21,033 shares in the company, valued at $4,327,539.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hovnanian Enterprises Trading Down 0.3 %

Shares of HOV opened at $198.86 on Friday. Hovnanian Enterprises, Inc. has a 12-month low of $65.22 and a 12-month high of $240.34. The firm has a market capitalization of $1.19 billion, a P/E ratio of 6.59 and a beta of 2.64. The firm has a 50-day moving average price of $203.03 and a 200 day moving average price of $169.88. 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 (NYSE:HOV) last posted its quarterly earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share for the quarter. The business 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 last year, the company earned $7.38 EPS. Sell-side analysts forecast that Hovnanian Enterprises, Inc. will post 30 EPS for the current year.

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.

Institutional Investors Weigh In On Hovnanian Enterprises

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Foundry Partners LLC acquired a new position in shares of Hovnanian Enterprises in the 1st quarter valued at $4,259,000. Vanguard Group Inc. lifted its position in Hovnanian Enterprises by 6.1% in the first quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company’s stock valued at $44,011,000 after buying an additional 16,012 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake 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 worth $2,414,000 after buying an additional 17,007 shares during the period. Victory Capital Management Inc. boosted its stake in Hovnanian Enterprises by 88.1% during the second quarter. Victory Capital Management Inc. now owns 14,334 shares of the construction company’s stock worth $2,034,000 after buying an additional 6,715 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of Hovnanian Enterprises during the second quarter valued at about $467,000. Institutional investors and hedge funds own 65.40% of the company’s stock.

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.