Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 58.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,244 shares of the construction company's stock after selling 72,705 shares during the period. American Century Companies Inc. owned about 0.86% of Hovnanian Enterprises worth $6,991,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of HOV. Charles Schwab Investment Management Inc. raised its position in shares of Hovnanian Enterprises by 92.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 49,967 shares of the construction company's stock worth $10,212,000 after purchasing an additional 23,990 shares during the last quarter. JPMorgan Chase & Co. increased its position in Hovnanian Enterprises by 98.5% during the third quarter. JPMorgan Chase & Co. now owns 29,472 shares of the construction company's stock worth $6,023,000 after buying an additional 14,624 shares in the last quarter. Barclays PLC increased its position in Hovnanian Enterprises by 352.6% during the third quarter. Barclays PLC now owns 8,274 shares of the construction company's stock worth $1,691,000 after buying an additional 6,446 shares in the last quarter. Range Financial Group LLC acquired a new position in shares of Hovnanian Enterprises in the fourth quarter worth $764,000. Finally, Forager Capital Management LLC lifted its position in shares of Hovnanian Enterprises by 3.5% in the third quarter. Forager Capital Management LLC now owns 117,000 shares of the construction company's stock valued at $23,911,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Hovnanian Enterprises Trading Down 8.0 %

Hovnanian Enterprises stock traded down $7.64 during trading on Tuesday, hitting $88.35. The company's stock had a trading volume of 103,074 shares, compared to its average volume of 80,372. The stock's fifty day moving average is $113.25 and its 200 day moving average is $148.55. Hovnanian Enterprises, Inc. has a 1-year low of $86.72 and a 1-year high of $240.34. The stock has a market capitalization of $523.49 million, a price-to-earnings ratio of 2.75 and a beta of 2.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, beating analysts' consensus estimates of $2.71 by $0.87. The company had revenue of $673.62 million during the quarter, compared to the consensus estimate of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. StockNews.com cut Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th. Wedbush reiterated a "neutral" rating and set a $155.00 price target on shares of Hovnanian Enterprises in a report on Monday, December 16th. Finally, Zelman & Associates reissued an "underperform" rating on shares of Hovnanian Enterprises in a research note on Wednesday, February 12th.

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.