Vincent Pagano, Jr. Sells 3,000 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

by · The Cerbat Gem

Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) Director Vincent Pagano, Jr. sold 3,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $201.11, for a total transaction of $603,330.00. Following the sale, the director now directly owns 24,552 shares in the company, valued at $4,937,652.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Hovnanian Enterprises Price Performance

Shares of Hovnanian Enterprises stock opened at $197.88 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 6.43 and a beta of 2.59. Hovnanian Enterprises, Inc. has a 1-year low of $65.22 and a 1-year high of $240.34. The firm’s 50-day moving average price is $202.93 and its two-hundred day moving average price is $170.08.

Hovnanian Enterprises (NYSE:HOV – Get Free Report) last announced its earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share (EPS) for the quarter. Hovnanian Enterprises had a net margin of 8.41% and a return on equity of 52.22%. The company had revenue of $722.70 million for the quarter. During the same quarter in the previous year, the company posted $7.38 earnings per share. On average, equities analysts predict that Hovnanian Enterprises, Inc. will post 30 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hovnanian Enterprises

Large investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of Hovnanian Enterprises during the second quarter worth approximately $37,000. CWM LLC lifted its position in shares of Hovnanian Enterprises by 3,541.7% during the first quarter. CWM LLC now owns 437 shares of the construction company’s stock worth $69,000 after purchasing an additional 425 shares in the last quarter. EntryPoint Capital LLC lifted its position in shares of Hovnanian Enterprises by 309.9% during the first quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock worth $130,000 after purchasing an additional 626 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Hovnanian Enterprises during the second quarter worth approximately $156,000. Finally, Entropy Technologies LP acquired a new position in shares of Hovnanian Enterprises during the first quarter worth approximately $205,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Analysis on Hovnanian Enterprises

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.

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