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

Hovnanian Enterprises, Inc. (NYSE:HOV) 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) 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.

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.