1 week Ago By Defense World Staff
Corebridge Financial Inc. reduced its stake in Hovnanian Enterprises, Inc. (NYSE:HOV – Free Report) by 7.
0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,473 shares of the construction company’s stock after selling 186 shares during the period. Corebridge Financial Inc.
’s holdings in Hovnanian Enterprises were worth $331,000 at the end of the most recent reporting period. Several other hedge funds also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in shares of Hovnanian Enterprises by 20.
6% in the third quarter. FMR LLC now owns 346 shares of the construction company’s stock worth $71,000 after buying an additional 59 shares during the period. Connor Clark & Lunn Investment Management Ltd.
lifted its position in Hovnanian Enterprises by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd.
now owns 8,860 shares of the construction company’s stock worth $1,186,000 after acquiring an additional 81 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Hovnanian Enterprises by 1.0% during the fourth quarter.
Rhumbline Advisers now owns 8,850 shares of the construction company’s stock valued at $1,184,000 after purchasing an additional 85 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hovnanian Enterprises by 7.
2% during the fourth quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company’s stock valued at $319,000 after purchasing an additional 161 shares during the period.
Finally, Quantbot Technologies LP acquired a new position in shares of Hovnanian Enterprises during the fourth quarter worth $25,000. 65.40% of the stock is owned by hedge funds and other institutional investors.
Hovnanian Enterprises Trading Down 5.8 %NYSE:HOV opened at $90.43 on Friday.
The company has a market cap of $535.80 million, a PE ratio of 2.82 and a beta of 2.
43. The business’s 50 day moving average is $110.92 and its two-hundred day moving average is $146.
45. The company has a quick ratio of 0.34, a current ratio of 1.
52 and a debt-to-equity ratio of 0.14. Hovnanian Enterprises, Inc.
has a 52 week low of $81.15 and a 52 week high of $240.34.
Hovnanian Enterprises (NYSE:HOV – Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $3.58 EPS for the quarter, beating the consensus estimate of $2.
71 by $0.87. The business had revenue of $673.
62 million during the quarter, compared to analyst estimates of $705.80 million. Hovnanian Enterprises had a net margin of 8.
05% and a return on equity of 43.47%. Wall Street Analyst Weigh InA number of equities research analysts recently weighed in on the stock.
Zelman & Associates reaffirmed an “underperform” rating on shares of Hovnanian Enterprises in a report on Wednesday, February 12th. StockNews.com downgraded Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research note on Tuesday, March 18th.
Finally, Wedbush reiterated a “neutral” rating and issued a $155.00 price target on shares of Hovnanian Enterprises in a research note on Monday, December 16th.Get Our Latest Analysis on Hovnanian EnterprisesHovnanian Enterprises Company Profile (Free Report)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.Read MoreFive stocks we like better than Hovnanian Enterprises3 Ways To Invest In Coffee, Other Than Drinking ItJoby Aviation: Operational Momentum vs. Market SentimentWhy Invest in 5G? How to Invest in 5G Stocks Broadcom’s Big Outperformance Shows Strength Amid Tariff Decline3 Healthcare Dividend Stocks to BuyCarvana: Can Turnaround Strength Outdrive Market Headwinds?.
