Hovnanian Enterprises, Inc. (NYSE:HOV) CEO Sells $27,075.99 in Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) CEO Ara K. Hovnanian sold 123 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $220.13, for a total transaction of $27,075.99. Following the sale, the chief executive officer now directly owns 47,156 shares in the company, valued at $10,380,450.28. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Hovnanian Enterprises Trading Down 0.5 %

NYSE HOV opened at $201.57 on Friday. Hovnanian Enterprises, Inc. has a 12 month low of $65.22 and a 12 month high of $240.34. 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 stock has a 50 day moving average of $201.89 and a 200-day moving average of $167.93. The company has a market cap of $1.21 billion, a PE ratio of 6.72 and a beta of 2.64.

Hovnanian Enterprises (NYSE:HOV) last announced its quarterly earnings results on Thursday, August 22nd. The construction company reported $9.75 EPS for the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. The firm had revenue of $722.70 million during the quarter. During the same quarter in the prior year, the business earned $7.38 EPS. On average, equities research analysts anticipate that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Foundry Partners LLC bought a new position in shares of Hovnanian Enterprises during the first quarter worth approximately $4,259,000. Vanguard Group Inc. increased its position in Hovnanian Enterprises by 6.1% during the 1st quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company’s stock worth $44,011,000 after buying an additional 16,012 shares during the period. Nisa Investment Advisors LLC increased its position in Hovnanian Enterprises by 425,175.0% during the 2nd 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. lifted its holdings in shares of 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 in the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Hovnanian Enterprises in the second quarter valued at about $467,000. 65.40% of the stock is owned by institutional investors and hedge funds.

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.