Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 309.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 828 shares of the construction company’s stock after buying an additional 626 shares during the quarter. EntryPoint Capital LLC’s holdings in Hovnanian Enterprises were worth $130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Hovnanian Enterprises by 27.4% during the fourth quarter. Russell Investments Group Ltd. now owns 791 shares of the construction company’s stock worth $123,000 after buying an additional 170 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hovnanian Enterprises by 11.8% in the 1st quarter. Principal Financial Group Inc. now owns 2,971 shares of the construction company’s stock valued at $466,000 after purchasing an additional 313 shares in the last quarter. CWM LLC raised its position in Hovnanian Enterprises by 3,541.7% in the first quarter. CWM LLC now owns 437 shares of the construction company’s stock valued at $69,000 after purchasing an additional 425 shares during the period. AJOVista LLC acquired a new position in shares of Hovnanian Enterprises during the fourth quarter worth about $97,000. Finally, Assenagon Asset Management S.A. boosted its position in shares of Hovnanian Enterprises by 1.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 66,182 shares of the construction company’s stock worth $10,299,000 after buying an additional 789 shares during the period. 65.40% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Ara K. Hovnanian sold 1,123 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.05, for a total transaction of $157,276.15. Following the sale, the chief executive officer now directly owns 59,859 shares of the company’s stock, valued at $8,383,252.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Robin Stone Sellers sold 1,459 shares of Hovnanian Enterprises stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $154.20, for a total value of $224,977.80. Following the transaction, the director now directly owns 22,716 shares in the company, valued at $3,502,807.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ara K. Hovnanian sold 1,123 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.05, for a total value of $157,276.15. Following the transaction, the chief executive officer now directly owns 59,859 shares of the company’s stock, valued at approximately $8,383,252.95. The disclosure for this sale can be found here. Insiders sold a total of 47,816 shares of company stock worth $6,966,617 over the last 90 days. 17.67% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on HOV shares. StockNews.com raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, July 19th. Zelman & Associates upgraded shares of Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 price objective on the stock in a report on Thursday, May 23rd.

Hovnanian Enterprises Stock Up 5.6 %

HOV stock traded up $11.41 during mid-day trading on Friday, hitting $215.50. 49,109 shares of the company were exchanged, compared to its average volume of 81,719. The company has a market capitalization of $1.29 billion, a PE ratio of 7.37 and a beta of 2.58. The firm has a fifty day simple moving average of $154.10 and a 200 day simple moving average of $153.85. The company has a current ratio of 1.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.17. Hovnanian Enterprises, Inc. has a twelve month low of $65.22 and a twelve month high of $224.52.

Hovnanian Enterprises (NYSE:HOV) last released its quarterly earnings data on Wednesday, May 22nd. The construction company reported $6.66 earnings per share for the quarter. Hovnanian Enterprises had a net margin of 8.02% and a return on equity of 54.85%. The firm had revenue of $708.38 million for the quarter. On average, research analysts forecast that Hovnanian Enterprises, Inc. will post 27 earnings per share for the current fiscal year.

Hovnanian Enterprises 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.