American Century Companies Inc. Decreases Stake in Hovnanian Enterprises, Inc. (NYSE:HOV)

American Century Companies Inc. lessened its holdings in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 58.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 52,244 shares of the construction company's stock after selling 72,705 shares during the quarter. American Century Companies Inc. owned about 0.86% of Hovnanian Enterprises worth $6,991,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HOV. FMR LLC increased its stake in shares of Hovnanian Enterprises by 20.6% in the third quarter. FMR LLC now owns 346 shares of the construction company's stock worth $71,000 after acquiring an additional 59 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Hovnanian Enterprises by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,860 shares of the construction company's stock valued at $1,186,000 after purchasing an additional 81 shares during the last quarter. Rhumbline Advisers grew its position in Hovnanian Enterprises by 1.0% during the 4th quarter. Rhumbline Advisers now owns 8,850 shares of the construction company's stock worth $1,184,000 after purchasing an additional 85 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hovnanian Enterprises by 7.2% during the 4th quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company's stock valued at $319,000 after buying an additional 161 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Hovnanian Enterprises in the 4th quarter valued at about $25,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

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Hovnanian Enterprises Price Performance

Shares of NYSE:HOV traded up $9.41 during trading on Friday, reaching $103.78. 228,542 shares of the company's stock traded hands, compared to its average volume of 79,901. The company has a quick ratio of 0.34, a current ratio of 1.52 and a debt-to-equity ratio of 0.14. Hovnanian Enterprises, Inc. has a fifty-two week low of $88.20 and a fifty-two week high of $240.34. The company has a 50-day simple moving average of $116.03 and a 200-day simple moving average of $151.79. The firm has a market cap of $614.88 million, a PE ratio of 3.23 and a beta of 2.85.

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

Analysts Set New Price Targets

Several analysts recently commented on HOV shares. Wedbush reaffirmed a "neutral" rating and set a $155.00 target price on shares of Hovnanian Enterprises in a report on Monday, December 16th. StockNews.com cut shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research note on Tuesday, March 18th. Finally, Zelman & Associates reiterated 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.