Hovnanian Enterprises (NYSE:HOV – Get Free Report)‘s stock had its “underperform” rating restated by equities researchers at Zelman & Associates in a report released on Wednesday,Benzinga reports.
Separately, Wedbush reissued a “neutral” rating and issued a $155.00 price target on shares of Hovnanian Enterprises in a report on Monday, December 16th.
Read Our Latest Report on Hovnanian Enterprises
Hovnanian Enterprises Stock Down 3.7 %
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last issued its quarterly earnings results on Thursday, December 5th. The construction company reported $12.79 EPS for the quarter. Hovnanian Enterprises had a return on equity of 43.47% and a net margin of 8.05%.
Institutional Trading of Hovnanian Enterprises
Several institutional investors and hedge funds have recently bought and sold shares of HOV. Quantbot Technologies LP acquired a new stake in Hovnanian Enterprises during the fourth quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Hovnanian Enterprises during the 3rd quarter worth approximately $33,000. FMR LLC raised its position in shares of Hovnanian Enterprises by 20.6% during the 3rd quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after purchasing an additional 59 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Hovnanian Enterprises during the 4th quarter worth approximately $120,000. Finally, CWM LLC raised its position in shares of Hovnanian Enterprises by 89.6% during the 3rd quarter. CWM LLC now owns 749 shares of the construction company’s stock worth $153,000 after purchasing an additional 354 shares during the period. Institutional investors and hedge funds own 65.40% of the company’s stock.
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.
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