Hovnanian Enterprises, Inc. (NYSE:HOV) Director Sells $109,253.25 in Stock

Hovnanian Enterprises, Inc. (NYSE:HOV) Director Robin Stone Sellers sold 531 shares of Hovnanian Enterprises stock in a transaction on Friday, September 27th. The shares were sold at an average price of $205.75, for a total transaction of $109,253.25. Following the completion of the transaction, the director now directly owns 21,033 shares of the company’s stock, valued at approximately $4,327,539.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hovnanian Enterprises Trading Down 0.3 %

Shares of HOV stock opened at $198.86 on Friday. Hovnanian Enterprises, Inc. has a 1-year low of $65.22 and a 1-year high of $240.34. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 6.59 and a beta of 2.64. 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 stock has a 50 day simple moving average of $203.03 and a 200-day simple moving average of $169.88.

Hovnanian Enterprises (NYSE:HOV) last posted its quarterly earnings data 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 company had revenue of $722.70 million during the quarter. During the same quarter in the prior year, the company posted $7.38 earnings per share. On average, equities research analysts expect that Hovnanian Enterprises, Inc. will post 30 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HOV. Innealta Capital LLC acquired a new position in shares of Hovnanian Enterprises during the second quarter valued at approximately $37,000. CWM LLC increased its position in shares of Hovnanian Enterprises by 3,541.7% during the first quarter. CWM LLC now owns 437 shares of the construction company’s stock worth $69,000 after purchasing an additional 425 shares in the last quarter. EntryPoint Capital LLC increased its position in shares of Hovnanian Enterprises by 309.9% during the first quarter. EntryPoint Capital LLC now owns 828 shares of the construction company’s stock worth $130,000 after purchasing an additional 626 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Hovnanian Enterprises in the 2nd quarter valued at $156,000. Finally, Entropy Technologies LP purchased a new position in Hovnanian Enterprises in the 1st quarter valued at $205,000. 65.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.