JPMorgan Chase & Co. Boosts Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

JPMorgan Chase & Co. increased its position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 98.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,472 shares of the construction company's stock after purchasing an additional 14,624 shares during the period. JPMorgan Chase & Co. owned 0.49% of Hovnanian Enterprises worth $6,023,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers boosted its stake in Hovnanian Enterprises by 3.8% in the 2nd quarter. Rhumbline Advisers now owns 9,033 shares of the construction company's stock worth $1,282,000 after purchasing an additional 330 shares during the period. Victory Capital Management Inc. boosted its position in shares of Hovnanian Enterprises by 88.1% during the second quarter. Victory Capital Management Inc. now owns 14,334 shares of the construction company's stock worth $2,034,000 after acquiring an additional 6,715 shares during the last quarter. American Century Companies Inc. grew its stake in Hovnanian Enterprises by 16.1% during the second quarter. American Century Companies Inc. now owns 133,933 shares of the construction company's stock valued at $19,008,000 after acquiring an additional 18,622 shares in the last quarter. Bank of Montreal Can increased its holdings in Hovnanian Enterprises by 72.3% in the 2nd quarter. Bank of Montreal Can now owns 45,363 shares of the construction company's stock valued at $6,438,000 after acquiring an additional 19,031 shares during the last quarter. Finally, Squarepoint Ops LLC lifted its stake in Hovnanian Enterprises by 94.4% in the 2nd quarter. Squarepoint Ops LLC now owns 3,549 shares of the construction company's stock worth $504,000 after purchasing an additional 1,723 shares in the last quarter. Hedge funds and other institutional investors own 65.40% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wedbush reaffirmed a "neutral" rating and issued a $155.00 target price on shares of Hovnanian Enterprises in a report on Monday, December 16th.

Hovnanian Enterprises Trading Down 0.3 %

Shares of HOV traded down $0.41 during mid-day trading on Thursday, reaching $140.54. 57,112 shares of the company's stock traded hands, compared to its average volume of 81,191. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.52 and a quick ratio of 0.34. The stock's 50-day moving average is $156.97 and its two-hundred day moving average is $178.99. Hovnanian Enterprises, Inc. has a 12 month low of $115.90 and a 12 month high of $240.34. The stock has a market cap of $851.64 million, a P/E ratio of 4.38 and a beta of 2.70.

Hovnanian Enterprises Company 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.