Woodson Capital Management LP Decreases Stock Position in Hovnanian Enterprises, Inc. (NYSE:HOV)

Woodson Capital Management LP cut its stake in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 37.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the construction company’s stock after selling 18,000 shares during the quarter. Woodson Capital Management LP owned 0.50% of Hovnanian Enterprises worth $6,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in Hovnanian Enterprises by 177.0% in the 1st quarter. Russell Investments Group Ltd. now owns 2,191 shares of the construction company’s stock worth $344,000 after acquiring an additional 1,400 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Hovnanian Enterprises by 6.1% in the 1st 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. Price T Rowe Associates Inc. MD increased its stake in shares of Hovnanian Enterprises by 2.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,917 shares of the construction company’s stock valued at $1,243,000 after buying an additional 188 shares during the period. SG Americas Securities LLC raised its holdings in shares of Hovnanian Enterprises by 2,143.3% during the second quarter. SG Americas Securities LLC now owns 14,402 shares of the construction company’s stock valued at $2,044,000 after acquiring an additional 13,760 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in 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 acquiring an additional 17,007 shares during the period. 65.40% of the stock is currently owned by institutional investors.

Hovnanian Enterprises Stock Down 1.4 %

HOV stock opened at $190.52 on Friday. Hovnanian Enterprises, Inc. has a fifty-two week low of $86.61 and a fifty-two week high of $240.34. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 5.89 and a beta of 2.60. The business’s 50 day moving average price is $189.21 and its two-hundred day moving average price is $179.84. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45.

Insider Activity at Hovnanian Enterprises

In related news, Director Vincent Pagano, Jr. sold 3,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $201.11, for a total transaction of $603,330.00. Following the sale, the director now owns 24,552 shares of the company’s stock, valued at $4,937,652.72. The trade was a 10.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Ara K. Hovnanian sold 123 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $220.13, for a total transaction of $27,075.99. Following the transaction, the chief executive officer now directly owns 47,156 shares of the company’s stock, valued at $10,380,450.28. This represents a 0.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 24,289 shares of company stock worth $5,158,796 over the last ninety days. 17.67% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a report 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.