Koss Olinger Consulting LLC Acquires 115 Shares of Hovnanian Enterprises, Inc. (NYSE:HOV)

Koss Olinger Consulting LLC boosted its holdings in Hovnanian Enterprises, Inc. (NYSE:HOV) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,404 shares of the construction company’s stock after acquiring an additional 115 shares during the period. Koss Olinger Consulting LLC owned 0.06% of Hovnanian Enterprises worth $696,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HOV. Allspring Global Investments Holdings LLC acquired a new position in Hovnanian Enterprises in the 3rd quarter valued at $33,000. Innealta Capital LLC acquired a new position in Hovnanian Enterprises in the 2nd quarter valued at $37,000. CWM LLC grew its holdings in Hovnanian Enterprises by 3,541.7% in the 1st quarter. CWM LLC now owns 437 shares of the construction company’s stock valued at $69,000 after buying an additional 425 shares in the last quarter. EntryPoint Capital LLC grew its holdings in Hovnanian Enterprises by 309.9% in the 1st quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock valued at $130,000 after buying an additional 626 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Hovnanian Enterprises in the 2nd quarter valued at $156,000. 65.40% of the stock is owned by institutional investors and hedge funds.

Hovnanian Enterprises Stock Performance

HOV opened at $206.24 on Monday. The firm has a market cap of $1.24 billion, a P/E ratio of 6.87 and a beta of 2.59. Hovnanian Enterprises, Inc. has a 52-week low of $65.22 and a 52-week high of $240.34. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 1.45. The business’s fifty day moving average is $204.20 and its 200-day moving average is $173.92.

Hovnanian Enterprises (NYSE:HOV) last released its earnings results on Thursday, August 22nd. The construction company reported $9.75 earnings per share (EPS) for the quarter. The company had revenue of $722.70 million for the quarter. Hovnanian Enterprises had a return on equity of 52.22% and a net margin of 8.41%. During the same period last year, the company posted $7.38 earnings per share. Sell-side analysts expect that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

Insider Transactions at Hovnanian Enterprises

In other news, CEO Ara K. Hovnanian sold 644 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $194.99, for a total transaction of $125,573.56. Following the sale, the chief executive officer now directly owns 45,635 shares of the company’s stock, valued at approximately $8,898,368.65. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Ara K. Hovnanian sold 644 shares of the firm’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $194.99, for a total value of $125,573.56. Following the sale, the chief executive officer now directly owns 45,635 shares of the company’s stock, valued at $8,898,368.65. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Ara K. Hovnanian sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $229.45, for a total value of $4,589,000.00. Following the completion of the sale, the chief executive officer now directly owns 12,890 shares in the company, valued at $2,957,610.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,057 shares of company stock valued at $12,824,040. 17.67% of the stock is owned by corporate insiders.

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.