Shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Get Free Report) traded up 9.8% during mid-day trading on Tuesday . The company traded as high as $131.23 and last traded at $131.23. 36,093 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 72,283 shares. The stock had previously closed at $119.55.
Wall Street Analyst Weigh In
Separately, Wedbush reaffirmed a "neutral" rating and set a $155.00 target price on shares of Hovnanian Enterprises in a report on Monday, December 16th.
Check Out Our Latest Stock Report on HOV
Hovnanian Enterprises Price Performance
The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. The company has a market capitalization of $803.86 million, a price-to-earnings ratio of 4.13 and a beta of 2.70. The company has a 50-day moving average price of $158.86 and a 200-day moving average price of $179.32.
Institutional Investors Weigh In On Hovnanian Enterprises
Several hedge funds have recently bought and sold shares of HOV. Allspring Global Investments Holdings LLC bought a new stake in shares of Hovnanian Enterprises in the 3rd quarter valued at $33,000. FMR LLC increased its holdings in shares of 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 acquiring an additional 59 shares in the last quarter. CWM LLC raised its position in shares of Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company's stock worth $153,000 after purchasing an additional 354 shares during the period. Creative Planning bought a new position in shares of Hovnanian Enterprises during the 3rd quarter valued at about $202,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of Hovnanian Enterprises in the 3rd quarter valued at approximately $205,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.
Hovnanian Enterprises Company Profile
(
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.
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