Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Acquired by Barclays PLC

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hovnanian Enterprises in the third quarter valued at $33,000. Innealta Capital LLC purchased a new stake in Hovnanian Enterprises during the 2nd quarter worth about $37,000. FMR LLC raised its position in Hovnanian Enterprises by 20.6% in the 3rd quarter. FMR LLC now owns 346 shares of the construction company's stock valued at $71,000 after purchasing an additional 59 shares in the last quarter. CWM LLC boosted its stake in shares of Hovnanian Enterprises by 89.6% in the 3rd quarter. CWM LLC now owns 749 shares of the construction company's stock valued at $153,000 after buying an additional 354 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in shares of Hovnanian Enterprises in the 2nd quarter valued at about $156,000. Hedge funds and other institutional investors own 65.40% of the company's stock.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, Director Edward A. Kangas sold 1,500 shares of the company's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $188.86, for a total value of $283,290.00. Following the completion of the transaction, the director now owns 13,290 shares in the company, valued at approximately $2,509,949.40. This represents a 10.14 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Ara K. Hovnanian sold 644 shares of Hovnanian Enterprises stock in a transaction on Monday, October 14th. The stock was sold at an average price of $194.99, for a total transaction of $125,573.56. Following the sale, the chief executive officer now owns 45,635 shares in the company, 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 sold 5,144 shares of company stock valued at $1,012,194 in the last ninety days. Insiders own 17.67% of the company's stock.

Hovnanian Enterprises Stock Down 0.9 %

Shares of HOV stock traded down $1.26 on Friday, reaching $133.27. 66,724 shares of the stock were exchanged, compared to its average volume of 81,278. The company has a market capitalization of $806.95 million, a price-to-earnings ratio of 4.15 and a beta of 2.62. The business's 50 day moving average price is $170.06 and its 200 day moving average price is $180.24. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Hovnanian Enterprises, Inc. has a twelve month low of $125.63 and a twelve month high of $240.34.

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.