Assenagon Asset Management S.A. Has $9.72 Million Stock Holdings in Hovnanian Enterprises, Inc. (NYSE:HOV)

Assenagon Asset Management S.A. increased its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 26.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,561 shares of the construction company's stock after buying an additional 9,825 shares during the quarter. Assenagon Asset Management S.A. owned 0.79% of Hovnanian Enterprises worth $9,720,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hovnanian Enterprises during the 3rd quarter valued at $33,000. Innealta Capital LLC acquired a new stake in Hovnanian Enterprises during the second quarter valued at $37,000. CWM LLC grew its stake 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 purchasing an additional 354 shares in the last quarter. EntryPoint Capital LLC increased its position in Hovnanian Enterprises by 309.9% in the 1st quarter. EntryPoint Capital LLC now owns 828 shares of the construction company's stock worth $130,000 after purchasing an additional 626 shares during the last quarter. Finally, Creative Planning purchased a new stake in shares of Hovnanian Enterprises during the 3rd quarter worth about $202,000. 65.40% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Hovnanian Enterprises news, Director Edward A. Kangas sold 1,500 shares of the company's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $188.86, for a total transaction of $283,290.00. Following the completion of the sale, the director now directly owns 13,290 shares in the company, valued at $2,509,949.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Ara K. Hovnanian sold 644 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $194.99, for a total transaction of $125,573.56. Following the transaction, the chief executive officer now owns 45,635 shares in the company, valued at approximately $8,898,368.65. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward A. Kangas sold 1,500 shares of the business's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $188.86, for a total value of $283,290.00. Following the transaction, the director now owns 13,290 shares in the company, valued at $2,509,949.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,057 shares of company stock worth $12,824,040 in the last quarter. 17.67% of the stock is currently owned by company insiders.

Hovnanian Enterprises Stock Up 1.2 %

Shares of HOV stock traded up $2.09 on Monday, hitting $176.18. The company's stock had a trading volume of 66,547 shares, compared to its average volume of 80,310. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.27. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 5.87 and a beta of 2.59. Hovnanian Enterprises, Inc. has a fifty-two week low of $65.51 and a fifty-two week high of $240.34. The firm's fifty day moving average price is $202.86 and its 200-day moving average price is $175.33.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last issued its quarterly earnings data on Thursday, August 22nd. The construction company reported $9.75 earnings per share for the quarter. Hovnanian Enterprises had a return on equity of 52.22% and a net margin of 8.41%. The business had revenue of $722.70 million for the quarter. During the same period in the previous year, the business posted $7.38 earnings per share. Research analysts anticipate that Hovnanian Enterprises, Inc. will post 30 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com cut Hovnanian Enterprises from a "buy" rating to a "hold" rating in a research note on Friday, August 23rd.

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.