Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $20.41 and traded as high as $21.45. Hovnanian Enterprises, Inc. PFD DEP1/1000A shares last traded at $21.44, with a volume of 936 shares traded.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Stock Down 0.2%

The company’s 50 day moving average price is $20.41 and its 200 day moving average price is $20.24.

Hovnanian Enterprises, Inc. PFD DEP1/1000A Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Thursday, January 1st were given a dividend of $0.4766 per share. This is a boost from Hovnanian Enterprises, Inc. PFD DEP1/1000A’s previous quarterly dividend of $0.48. The ex-dividend date was Wednesday, December 31st. This represents a $1.91 dividend on an annualized basis and a yield of 8.9%.

Institutional Trading of Hovnanian Enterprises, Inc. PFD DEP1/1000A

An institutional investor recently raised its position in Hovnanian Enterprises, Inc. PFD DEP1/1000A stock. Shikiar Asset Management Inc. increased its stake in shares of Hovnanian Enterprises, Inc. PFD DEP1/1000A (NASDAQ:HOVNP) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,475 shares of the company’s stock after buying an additional 1,200 shares during the period. Shikiar Asset Management Inc.’s holdings in Hovnanian Enterprises, Inc. PFD DEP1/1000A were worth $567,000 at the end of the most recent quarter.

About Hovnanian Enterprises, Inc. PFD DEP1/1000A

Hovnanian Enterprises, Inc is a publicly traded homebuilding company active primarily in the United States. Through its network of land development and construction operations, the company designs, builds and sells single-family detached and attached homes, condominiums and active-adult communities. In addition to its core homebuilding business, Hovnanian provides financing, mortgage banking, title insurance and closing services to homebuyers through its wholly owned financial services subsidiaries.

Founded in 1959 by Kevork S.