Zelman & Associates reaffirmed their underperform rating on shares of Hovnanian Enterprises (NYSE:HOV - Free Report) in a report issued on Wednesday, MarketBeat reports.
Separately, Wedbush reiterated a "neutral" rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a research note on Monday, December 16th.
Get Our Latest Report on HOV
Hovnanian Enterprises Trading Up 1.1 %
Shares of NYSE:HOV traded up $1.45 during trading on Wednesday, reaching $135.45. 50,717 shares of the stock were exchanged, compared to its average volume of 66,143. The firm's 50-day moving average price is $136.58 and its 200 day moving average price is $173.61. The firm has a market cap of $820.80 million, a price-to-earnings ratio of 4.22 and a beta of 2.71. Hovnanian Enterprises has a 12-month low of $115.90 and a 12-month high of $240.34. 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 released its quarterly earnings data on Thursday, December 5th. The construction company reported $12.79 earnings per share (EPS) for the quarter. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.
Institutional Investors Weigh In On Hovnanian Enterprises
A number of large investors have recently added to or reduced their stakes in HOV. Allspring Global Investments Holdings LLC purchased a new position in Hovnanian Enterprises in the 3rd quarter valued at about $33,000. Quantbot Technologies LP purchased a new position in Hovnanian Enterprises in the fourth quarter valued at about $25,000. FMR LLC grew its stake in Hovnanian Enterprises by 20.6% during 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 increased its holdings in Hovnanian Enterprises by 89.6% during the 3rd quarter. CWM LLC now owns 749 shares of the construction company's stock worth $153,000 after purchasing an additional 354 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hovnanian Enterprises in the 4th quarter valued at approximately $120,000. 65.40% of the stock is owned by institutional investors and hedge funds.
About Hovnanian Enterprises
(
Get Free Report)
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.
Featured Stories
Before you consider Hovnanian Enterprises, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hovnanian Enterprises wasn't on the list.
While Hovnanian Enterprises currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
