Shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $176.54 and traded as high as $188.05. Hovnanian Enterprises shares last traded at $180.21, with a volume of 49,331 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com lowered Hovnanian Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd.
Check Out Our Latest Analysis on HOV
Hovnanian Enterprises Price Performance
The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 5.63 and a beta of 2.60. The stock's 50-day moving average price is $198.64 and its 200-day moving average price is $176.90.
Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released its earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share for the quarter. The company had revenue of $722.70 million during the quarter. Hovnanian Enterprises had a return on equity of 52.22% and a net margin of 8.41%. During the same quarter in the previous year, the firm earned $7.38 EPS. Equities research analysts anticipate that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current year.
Insider Buying and Selling
In other Hovnanian Enterprises news, Director Vincent Pagano, Jr. sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $201.11, for a total value of $603,330.00. Following the transaction, the director now directly owns 24,552 shares of the company's stock, valued at approximately $4,937,652.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Ara K. Hovnanian sold 20,000 shares of the business's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $229.45, for a total value of $4,589,000.00. Following the completion of the transaction, the chief executive officer now owns 12,890 shares of the company's stock, valued at $2,957,610.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Vincent Pagano, Jr. sold 3,000 shares of the firm's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $201.11, for a total value of $603,330.00. Following the sale, the director now directly owns 24,552 shares in the company, valued at $4,937,652.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,057 shares of company stock valued at $12,824,040 over the last ninety days. Insiders own 17.67% of the company's stock.
Institutional Investors Weigh In On Hovnanian Enterprises
Several large investors have recently modified their holdings of HOV. Empowered Funds LLC increased its stake in Hovnanian Enterprises by 8.1% during the 1st quarter. Empowered Funds LLC now owns 25,752 shares of the construction company's stock worth $4,042,000 after purchasing an additional 1,925 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Hovnanian Enterprises by 177.0% during the first quarter. Russell Investments Group Ltd. now owns 2,191 shares of the construction company's stock worth $344,000 after buying an additional 1,400 shares during the period. Entropy Technologies LP bought a new position in shares of Hovnanian Enterprises during the first quarter worth about $205,000. Foundry Partners LLC acquired a new stake in Hovnanian Enterprises in the 1st quarter valued at approximately $4,259,000. Finally, Vanguard Group Inc. lifted its position in shares of Hovnanian Enterprises by 6.1% in the first quarter. Vanguard Group Inc. now owns 280,435 shares of the construction company's stock worth $44,011,000 after purchasing an additional 16,012 shares in the last quarter. 65.40% of the stock is currently owned by institutional investors.
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.
Further Reading
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 "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
