Robin Stone Sellers Sells 531 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV) Stock

by · The Cerbat Gem

Hovnanian Enterprises, Inc. (NYSE:HOV – Get Free Report) Director Robin Stone Sellers sold 531 shares of Hovnanian Enterprises stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $205.75, for a total value of $109,253.25. Following the completion of the sale, the director now directly owns 21,033 shares in the company, valued at approximately $4,327,539.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Hovnanian Enterprises Stock Down 2.2 %

HOV stock opened at $199.51 on Thursday. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 6.65 and a beta of 2.64. Hovnanian Enterprises, Inc. has a twelve month low of $65.22 and a twelve month high of $240.34. The business has a 50 day moving average price of $203.03 and a two-hundred day moving average price of $169.88. The company has a quick ratio of 0.27, a current ratio of 1.45 and a debt-to-equity ratio of 0.20.

Hovnanian Enterprises (NYSE:HOV – Get Free Report) last issued 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 for the quarter. During the same quarter in the previous year, the firm posted $7.38 earnings per share. Analysts anticipate that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.

Institutional Investors Weigh In On Hovnanian Enterprises

A number of institutional investors and hedge funds have recently modified their holdings of HOV. Innealta Capital LLC acquired a new position in Hovnanian Enterprises during the second quarter worth approximately $37,000. CWM LLC boosted its stake in shares of Hovnanian Enterprises by 3,541.7% during the 1st quarter. CWM LLC now owns 437 shares of the construction company’s stock worth $69,000 after acquiring an additional 425 shares during the period. EntryPoint Capital LLC increased its holdings in shares of Hovnanian Enterprises by 309.9% during the 1st quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock worth $130,000 after acquiring an additional 626 shares during the last quarter. International Assets Investment Management LLC bought a new stake in Hovnanian Enterprises in the 2nd quarter valued at $156,000. Finally, Entropy Technologies LP acquired a new stake in Hovnanian Enterprises during the 1st quarter valued at $205,000. 65.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd.

Get Our Latest Stock Analysis on Hovnanian Enterprises

About Hovnanian Enterprises

(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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