Hovnanian Enterprises, Inc. (NYSE:HOV) Shares Sold by Axa S.A.

AXA S.A. lowered its position in shares of Hovnanian Enterprises, Inc. (NYSE:HOV - Free Report) by 71.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,115 shares of the construction company's stock after selling 5,226 shares during the period. AXA S.A.'s holdings in Hovnanian Enterprises were worth $283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HOV. Quantbot Technologies LP bought a new position in Hovnanian Enterprises in the 4th quarter worth approximately $25,000. KLP Kapitalforvaltning AS bought a new stake in Hovnanian Enterprises in the 4th quarter worth approximately $120,000. Exchange Traded Concepts LLC increased its stake in Hovnanian Enterprises by 51.3% in the 4th quarter. Exchange Traded Concepts LLC now owns 2,135 shares of the construction company's stock worth $286,000 after acquiring an additional 724 shares during the last quarter. Trexquant Investment LP bought a new stake in Hovnanian Enterprises in the 4th quarter worth approximately $286,000. Finally, Intech Investment Management LLC grew its stake in shares of Hovnanian Enterprises by 30.5% in the 4th quarter. Intech Investment Management LLC now owns 2,204 shares of the construction company's stock worth $295,000 after buying an additional 515 shares in the last quarter. Institutional investors own 65.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HOV shares. Zelman & Associates reissued an "underperform" rating on shares of Hovnanian Enterprises in a research note on Wednesday, February 12th. StockNews.com lowered shares of Hovnanian Enterprises from a "hold" rating to a "sell" rating in a research report on Tuesday, March 18th.

Hovnanian Enterprises Price Performance

HOV traded up $1.04 during trading on Friday, hitting $109.12. The company's stock had a trading volume of 9,910 shares, compared to its average volume of 80,132. The business's fifty day simple moving average is $100.95 and its 200 day simple moving average is $130.40. Hovnanian Enterprises, Inc. has a twelve month low of $81.15 and a twelve month high of $240.34. The firm has a market capitalization of $646.51 million, a price-to-earnings ratio of 3.40 and a beta of 2.28. The company has a current ratio of 1.52, a quick ratio of 0.34 and a debt-to-equity ratio of 0.14.

Hovnanian Enterprises (NYSE:HOV - Get Free Report) last released 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 return on equity of 43.47% and a net margin of 8.05%. The business had revenue of $673.62 million during the quarter, compared to analysts' expectations of $705.80 million.

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.