B. Riley Wealth Advisors Inc. Acquires Shares of 1,031 Hovnanian Enterprises, Inc. (NYSE:HOV)

B. Riley Wealth Advisors Inc. bought a new position in Hovnanian Enterprises, Inc. (NYSE:HOV) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,031 shares of the construction company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in Hovnanian Enterprises in the 3rd quarter worth about $33,000. Innealta Capital LLC purchased a new stake in Hovnanian Enterprises in the 2nd quarter valued at about $37,000. FMR LLC grew its stake in Hovnanian Enterprises by 20.6% in the 3rd quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after acquiring an additional 59 shares in the last quarter. CWM LLC increased its position in shares of Hovnanian Enterprises by 89.6% during the third quarter. CWM LLC now owns 749 shares of the construction company’s stock worth $153,000 after acquiring an additional 354 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Hovnanian Enterprises during the second quarter valued at approximately $156,000. 65.40% of the stock is currently owned by institutional investors.

Insider Transactions at Hovnanian Enterprises

In other news, Director Robin Stone Sellers sold 531 shares of Hovnanian Enterprises stock in a transaction on Friday, September 27th. The stock was sold at an average price of $205.75, for a total value of $109,253.25. Following the transaction, the director now directly owns 21,033 shares in the company, valued at approximately $4,327,539.75. This trade represents a 2.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ara K. Hovnanian sold 877 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $203.27, for a total value of $178,267.79. Following the sale, the chief executive officer now owns 46,279 shares of the company’s stock, valued at $9,407,132.33. This trade represents a 1.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,552 shares of company stock valued at $1,299,715. Company insiders own 17.67% of the company’s stock.

Hovnanian Enterprises Stock Up 1.7 %

NYSE:HOV opened at $134.84 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.45 and a quick ratio of 0.27. The firm has a market cap of $816.46 million, a PE ratio of 4.20 and a beta of 2.62. The company has a 50-day moving average of $176.73 and a 200 day moving average of $181.06. Hovnanian Enterprises, Inc. has a 1-year low of $125.63 and a 1-year high of $240.34.

Wall Street Analyst Weigh In

Separately, Wedbush reissued a “neutral” rating and issued a $155.00 price objective on shares of Hovnanian Enterprises in a research note on Monday, December 16th.

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.