Barclays PLC Has $1.69 Million Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Barclays PLC lifted its stake in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 352.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,274 shares of the construction company's stock after acquiring an additional 6,446 shares during the quarter. Barclays PLC owned approximately 0.14% of Hovnanian Enterprises worth $1,691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of HOV. Allspring Global Investments Holdings LLC acquired a new position in Hovnanian Enterprises in the 3rd quarter worth about $33,000. FMR LLC increased its holdings in 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 buying an additional 59 shares during the last quarter. CWM LLC raised its position in Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company's stock valued at $153,000 after acquiring an additional 354 shares in the last quarter. Creative Planning acquired a new stake in Hovnanian Enterprises in the third quarter valued at approximately $202,000. Finally, Olympiad Research LP bought a new stake in Hovnanian Enterprises in the third quarter worth approximately $225,000. 65.40% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 1,500 shares of Hovnanian Enterprises stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $188.86, for a total value of $283,290.00. Following the transaction, the director now directly owns 13,290 shares of the company's stock, valued at $2,509,949.40. The trade was a 10.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ara K. Hovnanian sold 644 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $194.99, for a total value of $125,573.56. Following the completion of the sale, the chief executive officer now directly owns 45,635 shares of the company's stock, valued at $8,898,368.65. This represents a 1.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 17.67% of the company's stock.

Hovnanian Enterprises Stock Performance

HOV traded down $5.65 on Friday, hitting $118.04. The company had a trading volume of 79,037 shares, compared to its average volume of 79,689. Hovnanian Enterprises, Inc. has a 1-year low of $117.62 and a 1-year high of $240.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.27. The company's fifty day moving average price is $160.06 and its 200 day moving average price is $179.46. The stock has a market cap of $714.73 million, a price-to-earnings ratio of 3.68 and a beta of 2.70.

Wall Street Analysts Forecast Growth

Separately, Wedbush reaffirmed a "neutral" rating and issued a $155.00 price objective on shares of Hovnanian Enterprises in a research note on Monday, December 16th.

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.