Edward A. Kangas Sells 1,500 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Edward A. Kangas sold 1,500 shares of Hovnanian Enterprises stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $188.86, for a total value of $283,290.00. Following the sale, the director now directly owns 13,290 shares in the company, valued at approximately $2,509,949.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Hovnanian Enterprises Stock Up 7.0 %

Shares of Hovnanian Enterprises stock traded up $13.69 during trading on Wednesday, hitting $210.23. The company’s stock had a trading volume of 61,083 shares, compared to its average volume of 80,539. Hovnanian Enterprises, Inc. has a 52 week low of $65.22 and a 52 week high of $240.34. The company has a market capitalization of $1.26 billion, a PE ratio of 7.01 and a beta of 2.59. The company has a fifty day simple moving average of $203.24 and a two-hundred day simple moving average of $173.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45.

Hovnanian Enterprises (NYSE:HOV) last announced its earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share for the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. The business had revenue of $722.70 million during the quarter. During the same period in the prior year, the business posted $7.38 EPS. Equities research analysts predict that Hovnanian Enterprises, Inc. will post 30 earnings per share 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Foundry Partners LLC bought a new position in shares of Hovnanian Enterprises during the first quarter valued at $4,259,000. Vanguard Group Inc. raised its holdings in 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 buying an additional 16,012 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Hovnanian Enterprises by 425,175.0% in the second quarter. Nisa Investment Advisors LLC now owns 17,011 shares of the construction company’s stock worth $2,414,000 after buying an additional 17,007 shares in the last quarter. Victory Capital Management Inc. grew its holdings 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 valued at $2,034,000 after buying an additional 6,715 shares during the last quarter. Finally, Koss Olinger Consulting LLC bought a new stake in shares of Hovnanian Enterprises during the second quarter valued at approximately $467,000. Institutional investors own 65.40% of the company’s stock.

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.