Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Bought by Denali Advisors LLC

Denali Advisors LLC boosted its holdings in shares of Hovnanian Enterprises, Inc. (NYSE:HOV) by 88.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,906 shares of the construction company’s stock after purchasing an additional 5,106 shares during the period. Denali Advisors LLC owned about 0.18% of Hovnanian Enterprises worth $1,712,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC raised its position in shares of Hovnanian Enterprises by 588.9% during the 4th quarter. SG Americas Securities LLC now owns 14,873 shares of the construction company’s stock worth $2,315,000 after purchasing an additional 12,714 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Hovnanian Enterprises during the 4th quarter worth about $1,460,000. Trexquant Investment LP acquired a new position in shares of Hovnanian Enterprises during the 3rd quarter worth about $447,000. American Century Companies Inc. grew its stake in Hovnanian Enterprises by 25.5% during the 3rd quarter. American Century Companies Inc. now owns 81,645 shares of the construction company’s stock valued at $8,300,000 after acquiring an additional 16,575 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Hovnanian Enterprises during the 3rd quarter valued at about $344,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.

Hovnanian Enterprises Stock Up 1.0 %

Shares of NYSE HOV traded up $1.41 during mid-day trading on Wednesday, reaching $138.26. The company had a trading volume of 63,951 shares, compared to its average volume of 80,796. Hovnanian Enterprises, Inc. has a 52-week low of $65.22 and a 52-week high of $184.42. The company has a current ratio of 1.35, a quick ratio of 0.32 and a debt-to-equity ratio of 0.17. The stock has a market cap of $828.18 million, a P/E ratio of 4.61 and a beta of 2.58. The firm has a 50 day simple moving average of $151.97 and a two-hundred day simple moving average of $152.27.

Hovnanian Enterprises (NYSE:HOV) last issued its earnings results on Wednesday, May 22nd. The construction company reported $6.66 earnings per share for the quarter. The business had revenue of $708.38 million for the quarter. Hovnanian Enterprises had a net margin of 8.02% and a return on equity of 54.85%. Sell-side analysts predict that Hovnanian Enterprises, Inc. will post 27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. StockNews.com raised shares of Hovnanian Enterprises from a “hold” rating to a “buy” rating in a research note on Monday, June 3rd. Zelman & Associates raised shares of Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 price target for the company in a research note on Thursday, May 23rd.

Insider Activity at Hovnanian Enterprises

In related news, CEO Ara K. Hovnanian sold 1,123 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $140.05, for a total value of $157,276.15. Following the completion of the sale, the chief executive officer now owns 59,859 shares in the company, valued at $8,383,252.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hovnanian Enterprises news, Director Edward A. Kangas sold 2,000 shares of Hovnanian Enterprises stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $144.72, for a total transaction of $289,440.00. Following the completion of the transaction, the director now owns 21,743 shares in the company, valued at $3,146,646.96. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Ara K. Hovnanian sold 1,123 shares of Hovnanian Enterprises stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.05, for a total transaction of $157,276.15. Following the transaction, the chief executive officer now owns 59,859 shares of the company’s stock, valued at approximately $8,383,252.95. The disclosure for this sale can be found here. Insiders sold 33,816 shares of company stock worth $4,820,417 over the last 90 days. Company insiders own 17.67% of the company’s stock.

Hovnanian Enterprises 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.