Hovnanian Enterprises, Inc. (NYSE:HOV - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $86.72 and last traded at $88.35, with a volume of 103074 shares traded. The stock had previously closed at $95.99.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on HOV shares. Wedbush reaffirmed a "neutral" rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a research note on Monday, December 16th. Zelman & Associates restated an "underperform" rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th. Finally, StockNews.com lowered Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.
Get Our Latest Analysis on Hovnanian Enterprises
Hovnanian Enterprises Trading Up 3.7 %
The company has a market capitalization of $552.68 million, a price-to-earnings ratio of 2.91 and a beta of 2.43. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.34 and a current ratio of 1.52. The business's 50-day simple moving average is $110.09 and its 200-day simple moving average is $145.27.
Hovnanian Enterprises (NYSE:HOV - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The construction company reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.71 by $0.87. The firm had revenue of $673.62 million for the quarter, compared to analysts' expectations of $705.80 million. Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.
Hedge Funds Weigh In On Hovnanian Enterprises
Several hedge funds have recently added to or reduced their stakes in the stock. Quantbot Technologies LP bought a new stake in shares of Hovnanian Enterprises in the 4th quarter valued at about $25,000. FMR LLC increased its stake in Hovnanian Enterprises by 20.6% in the third 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. KLP Kapitalforvaltning AS acquired a new stake in Hovnanian Enterprises in the fourth quarter worth $120,000. Brevan Howard Capital Management LP bought a new position in shares of Hovnanian Enterprises during the fourth quarter worth $204,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Hovnanian Enterprises in the 3rd quarter valued at $205,000. Institutional investors and hedge funds own 65.40% of the company's stock.
Hovnanian Enterprises Company Profile
(
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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.
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