1 week Ago By ABMN Staff
Hovnanian Enterprises, Inc. ( NYSE:HOV – Get Free Report ) traded up 4.1% during trading on Friday .
The stock traded as high as $200.07 and last traded at $198.96.
4,609 shares traded hands during trading, a decline of 94% from the average session volume of 81,983 shares. The stock had previously closed at $191.16.
Analyst Ratings Changes A number of equities analysts have recently weighed in on HOV shares. StockNews.com cut shares of Hovnanian Enterprises from a “buy” rating to a “hold” rating in a research note on Friday, August 23rd.
Zelman & Associates upgraded shares of Hovnanian Enterprises from an “underperform” rating to a “neutral” rating and set a $155.00 target price on the stock in a research report on Thursday, May 23rd. Check Out Our Latest Research Report on Hovnanian Enterprises Hovnanian Enterprises Stock Performance Hovnanian Enterprises ( NYSE:HOV – Get Free Report ) last released its quarterly earnings results on Thursday, August 22nd.
The construction company reported $9.75 earnings per share (EPS) for the quarter. The business had revenue of $722.
70 million during the quarter. Hovnanian Enterprises had a return on equity of 54.73% and a net margin of 8.
41%. During the same period last year, the firm earned $7.38 EPS.
As a group, sell-side analysts anticipate that Hovnanian Enterprises, Inc. will post 30 EPS for the current year. Insider Transactions at Hovnanian Enterprises In related news, CEO Ara K.
Hovnanian sold 4,548 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $146.66, for a total value of $667,009.
68. Following the sale, the chief executive officer now owns 60,982 shares of the company’s stock, valued at approximately $8,943,620.12.
The transaction was disclosed in a filing with the SEC, which is available through this link . In other news, CEO Ara K. Hovnanian sold 4,548 shares of Hovnanian Enterprises stock in a transaction dated Monday, June 24th.
The shares were sold at an average price of $146.66, for a total transaction of $667,009.68.
Following the completion of the sale, the chief executive officer now directly owns 60,982 shares in the company, valued at $8,943,620.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this link .
Also, CEO Ara K. Hovnanian sold 24,686 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $141.
04, for a total value of $3,481,713.44. Following the sale, the chief executive officer now owns 32,890 shares in the company, valued at approximately $4,638,805.
60. The disclosure for this sale can be found here . Insiders sold a total of 79,584 shares of company stock valued at $14,342,422 in the last ninety days.
Corporate insiders own 17.67% of the company’s stock. Institutional Investors Weigh In On Hovnanian Enterprises Several institutional investors and hedge funds have recently added to or reduced their stakes in HOV.
Innealta Capital LLC acquired a new stake in Hovnanian Enterprises during the 2nd quarter valued at $37,000. CWM LLC increased its stake in Hovnanian Enterprises by 3,541.7% during 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 during the period. Russell Investments Group Ltd. boosted its stake in Hovnanian Enterprises by 27.
4% during the 4th quarter. Russell Investments Group Ltd. now owns 791 shares of the construction company’s stock valued at $123,000 after purchasing an additional 170 shares in the last quarter.
EntryPoint Capital LLC lifted 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 acquiring an additional 626 shares during the last quarter.
Finally, International Assets Investment Management LLC acquired a new position in Hovnanian Enterprises in the second quarter worth approximately $156,000. 65.40% of the stock is currently owned by institutional investors and hedge funds.
About Hovnanian Enterprises ( 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. Further Reading 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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