Hovnanian Enterprises, Inc. (NYSE:HOV) Holdings Raised by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its position in Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 93.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,779 shares of the construction company's stock after purchasing an additional 4,246 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.14% of Hovnanian Enterprises worth $1,794,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Hovnanian Enterprises in the 3rd quarter valued at approximately $33,000. Innealta Capital LLC bought a new position in shares of Hovnanian Enterprises during the second quarter worth about $37,000. CWM LLC boosted its holdings in Hovnanian Enterprises by 89.6% in 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 during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Hovnanian Enterprises during the second quarter worth $156,000. Finally, Creative Planning acquired a new position in Hovnanian Enterprises in the third quarter valued at $202,000. Institutional investors and hedge funds own 65.40% of the company's stock.

Insider Transactions at Hovnanian Enterprises

In related news, CEO Ara K. Hovnanian sold 13,552 shares of the firm's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $215.14, for a total transaction of $2,915,577.28. Following the completion of the sale, the chief executive officer now directly owns 47,279 shares of the company's stock, valued at approximately $10,171,604.06. This trade represents a 22.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Larry Sorsby sold 4,062 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $225.61, for a total transaction of $916,427.82. Following the transaction, the director now directly owns 127,982 shares in the company, valued at $28,874,019.02. The trade was a 3.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,413 shares of company stock valued at $7,162,517 in the last quarter. 17.67% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Hovnanian Enterprises from a "buy" rating to a "hold" rating in a research report on Friday, August 23rd.

Hovnanian Enterprises Stock Down 1.6 %

Shares of HOV stock traded down $3.06 during trading on Tuesday, reaching $193.14. The company's stock had a trading volume of 64,781 shares, compared to its average volume of 79,258. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 5.97 and a beta of 2.60. The stock's 50-day moving average price is $190.50 and its 200 day moving average price is $179.60. Hovnanian Enterprises, Inc. has a 1-year low of $86.61 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.

About Hovnanian Enterprises

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.