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
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
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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