1 week Ago By ABMN Staff
Shares of Hovnanian Enterprises, Inc. ( NYSE:HOV – Get Free Report ) fell 8.7% during mid-day trading on Monday .
The company traded as low as $96.40 and last traded at $95.33.
58,489 shares traded hands during trading, a decline of 26% from the average session volume of 78,514 shares. The stock had previously closed at $104.37.
Analyst Upgrades and Downgrades Several equities research analysts recently commented on HOV shares. Wedbush restated a “neutral” rating and issued a $155.00 price target on shares of Hovnanian Enterprises in a research report on Monday, December 16th.
StockNews.com cut Hovnanian Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, March 18th. Finally, Zelman & Associates reissued an “underperform” rating on shares of Hovnanian Enterprises in a research report on Wednesday, February 12th.
Get Our Latest Analysis on Hovnanian Enterprises Hovnanian Enterprises Trading Down 8.7 % Hovnanian Enterprises ( NYSE:HOV – Get Free Report ) last posted its quarterly earnings results on Thursday, February 27th. The construction company reported $3.
58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.87.
Hovnanian Enterprises had a net margin of 8.05% and a return on equity of 43.47%.
The business had revenue of $673.62 million for the quarter, compared to the consensus estimate of $705.80 million.
Institutional Investors Weigh In On Hovnanian Enterprises Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Hovnanian Enterprises by 7.
2% in the fourth quarter. Principal Financial Group Inc. now owns 2,383 shares of the construction company’s stock valued at $319,000 after acquiring an additional 161 shares during the last quarter.
JPMorgan Chase & Co. lifted its stake in shares of Hovnanian Enterprises by 98.5% in the 3rd quarter.
JPMorgan Chase & Co. now owns 29,472 shares of the construction company’s stock valued at $6,023,000 after purchasing an additional 14,624 shares during the last quarter. Point72 Asset Management L.
P. bought a new stake in Hovnanian Enterprises in the third quarter worth $687,000. Charles Schwab Investment Management Inc.
increased its position in Hovnanian Enterprises by 92.4% during the third quarter. Charles Schwab Investment Management Inc.
now owns 49,967 shares of the construction company’s stock worth $10,212,000 after buying an additional 23,990 shares during the last quarter. Finally, Forager Capital Management LLC raised its holdings in Hovnanian Enterprises by 3.5% during the third quarter.
Forager Capital Management LLC now owns 117,000 shares of the construction company’s stock valued at $23,911,000 after buying an additional 4,000 shares in the last quarter. Institutional investors own 65.40% of the company’s stock.
Hovnanian Enterprises Company Profile ( Get 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. Featured Articles Receive News & Ratings for Hovnanian Enterprises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hovnanian Enterprises and related companies with MarketBeat.
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