Edward A. Kangas Sells 1,500 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Edward A. Kangas sold 1,500 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $188.86, for a total transaction of $283,290.00. Following the transaction, the director now directly owns 13,290 shares in the company, valued at approximately $2,509,949.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Hovnanian Enterprises Price Performance

Shares of NYSE HOV opened at $206.24 on Friday. The business has a 50 day moving average price of $204.20 and a two-hundred day moving average price of $173.76. Hovnanian Enterprises, Inc. has a fifty-two week low of $65.22 and a fifty-two week high of $240.34. The firm has a market cap of $1.24 billion, a PE ratio of 6.87 and a beta of 2.59. The company has a quick ratio of 0.27, a current ratio of 1.45 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 (EPS) for the quarter. The firm had revenue of $722.70 million for 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 prior year, the company earned $7.38 earnings per share. Sell-side analysts expect that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of 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 have recently bought and sold shares of HOV. Innealta Capital LLC bought a new position in Hovnanian Enterprises during the 2nd quarter worth approximately $37,000. CWM LLC raised its position in shares of Hovnanian Enterprises by 3,541.7% during the 1st quarter. CWM LLC now owns 437 shares of the construction company’s stock valued at $69,000 after acquiring an additional 425 shares in the last quarter. EntryPoint Capital LLC lifted its stake in Hovnanian Enterprises by 309.9% during the first 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 acquired a new position in Hovnanian Enterprises in the second quarter worth $156,000. Finally, Creative Planning bought a new stake in Hovnanian Enterprises during the third quarter valued at $202,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

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.